Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document And Entity Information | |
Entity Registrant Name | BANCO SANTANDER CHILE |
Entity Central Index Key | 0001027552 |
Document Type | 20-F |
Trading symbol | BSAC |
Document Period End Date | Dec. 31, 2018 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Entity a Well-known Seasoned Issuer | Yes |
Entity a Voluntary Filer | No |
Entity's Reporting Status Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 188,446,126,794 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2018 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and deposits in banks | $ 2,065,441 | $ 1,452,922 |
Cash items in process of collection | 353,757 | 668,145 |
Investments under resale agreements | ||
Financial derivative contracts | 3,100,635 | 2,238,647 |
Trading investments | 485,736 | |
Interbank loans, net | 162,213 | |
Loans and accounts receivable from customers, net | 26,772,544 | |
Available for sale investments | 2,574,546 | |
Financial assets held for trading | 77,041 | |
Loans and account receivable at amortised cost | 29,331,001 | |
Loans and account receivable at fair value through other comprehensive income | 68,588 | |
Debt instrument at fair value through other comprehensive income | 2,394,323 | |
Equity instruments at fair value through other comprehensive income | 483 | |
Investments in associates and other companies | 32,003 | 27,585 |
Intangible assets | 66,923 | 63,219 |
Property, plant, and equipment | 253,586 | 242,547 |
Deferred taxes | 397,515 | 371,091 |
Other assets | 991,216 | 764,410 |
TOTAL ASSETS | 39,132,512 | 35,823,605 |
LIABILITIES | ||
Deposits and other demand liabilities | 8,741,417 | 7,768,166 |
Cash items in process of being cleared | 163,043 | 486,726 |
Obligations under repurchase agreements | 48,545 | 268,061 |
Time deposits and other time liabilities | 13,067,819 | 11,913,945 |
Financial derivative contracts | 2,517,728 | 2,139,488 |
Interbank borrowings | 1,788,626 | 1,698,357 |
Issued debt instruments | 8,115,233 | 7,093,653 |
Other financial liabilities | 215,400 | 242,030 |
Current taxes | 8,093 | 6,435 |
Deferred taxes | 15,470 | 9,663 |
Provisions | 305,271 | 303,798 |
Other liabilities | 900,407 | 745,363 |
TOTAL LIABILITIES | 35,887,052 | 32,675,685 |
Attributable to the shareholders of the Bank: | ||
Capital | 891,303 | 891,303 |
Reserves | 1,923,022 | 1,781,818 |
Valuation adjustments | 11,353 | (2,312) |
Retained earnings | ||
Retained earnings from prior years | (43,114) | 41,267 |
Income for the year | 595,333 | 562,801 |
Minus: Provision for mandatory dividends | (178,600) | (168,840) |
Retained earnings | 373,619 | 435,228 |
Attributable to the shareholders of the Bank | 3,199,297 | 3,106,037 |
Non-controlling interest | 46,163 | 41,883 |
TOTAL EQUITY | 3,245,460 | 3,147,920 |
TOTAL LIABILITIES AND EQUITY | $ 39,132,512 | $ 35,823,605 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
OPERATING INCOME | |||
Interest income | $ 2,244,317 | $ 2,058,446 | $ 2,137,044 |
Interest expense | (829,949) | (731,755) | (855,678) |
Net interest income | 1,414,368 | 1,326,691 | 1,281,366 |
Fee and commission income | 484,463 | 455,558 | 431,184 |
Fee and commission expense | (193,578) | (176,495) | (176,760) |
Net fee and commission income | 290,885 | 279,063 | 254,424 |
Net income (expense) from financial operations | 53,174 | 2,796 | (367,034) |
Net foreign exchange gain | 51,908 | 126,956 | 507,392 |
Other operating income | 23,129 | 62,016 | 6,427 |
Net operating profit before provision for loan losses | 1,833,464 | 1,797,522 | 1,682,575 |
Provision for loan losses | (317,408) | (302,255) | (342,083) |
NET OPERATING INCOME | 1,516,056 | 1,495,267 | 1,340,492 |
Personnel salaries and expenses | (397,564) | (396,967) | (395,133) |
Administrative expenses | (245,089) | (230,103) | (226,413) |
Depreciation and amortization | (79,280) | (77,823) | (65,359) |
Impairment of property, plant, and equipment | (39) | (5,644) | (234) |
Other operating expenses | (32,342) | (68,413) | (68,902) |
Total operating expenses | (754,314) | (778,950) | (756,041) |
OPERATING INCOME | 761,742 | 716,317 | 584,451 |
Income from investments in associates and other companies | 5,095 | 3,963 | 3,012 |
Income before tax | 766,837 | 720,280 | 587,463 |
Income tax expense | (167,144) | (145,031) | (109,031) |
NET INCOME FOR THE YEAR | 599,693 | 575,249 | 478,432 |
Attributable to: | |||
Shareholders of the Bank | 595,333 | 562,801 | 476,067 |
Non-controlling interest | $ 4,360 | $ 12,448 | $ 2,365 |
Earnings per share attributable to Shareholders of the Bank : | |||
Basic earnings | $ 3.159 | $ 2.987 | $ 2.526 |
Diluted earnings | $ 3.159 | $ 2.987 | $ 2.526 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Consolidated Statements Of Comprehensive Income | |||
NET INCOME FOR THE YEAR | $ 599,693 | $ 575,249 | $ 478,432 |
Equity instruments at fair value through other comprehensive income | (113) | ||
Income tax related to the above | 31 | ||
Total items that will not be reclassified to the income statements | (82) | ||
Other comprehensive income that will be reclassified to profit or loss | |||
Debt instruments at fair value through other comprehensive income | 4,826 | ||
Avalilable for sale financial assets | (5,520) | 14,468 | |
Cash flow hedge | 13,365 | (5,850) | (6,338) |
Income tax related to the above | (4,903) | 2,754 | (1,975) |
Total items that will be reclassified to the income statements | 13,288 | (8,616) | 6,155 |
Other comprehesive income for the year, net of tax | 13,206 | (8,616) | 6,155 |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 612,899 | 566,633 | 484,587 |
Attributable to: | |||
Shareholders of the Bank | 608,623 | 553,849 | 481,419 |
Non-controlling interests | $ 4,276 | $ 12,784 | $ 3,168 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CLP ($) $ in Millions | Capital [Member] | Reserves And Other Retained Earnings [Member] | Effects Of Merger Of Companies Under Common Control [Member] | Fair Value Reserve [Member] | Cash Flow Hedge [Member] | Income Tax Effects [Member] | Retained Earnings Of Prior Years [Member] | Income For The Year [Member] | Provision For Mandatory Dividends [Member] | Total Attributable To Shareholders Of The Bank [Member] | Non-Controlling Interests [Member] | Total |
Equity at beginning at Dec. 31, 2015 | $ 891,303 | $ 1,530,117 | $ (2,224) | $ (6,965) | $ 8,626 | $ (373) | $ 37,963 | $ 448,466 | $ (134,539) | $ 2,772,374 | $ 30,181 | $ 2,802,555 |
Changes in equity [Roll Forward] | ||||||||||||
Distribution of income from previous period | 448,466 | (448,466) | ||||||||||
Equity at beginning at Dec. 31, 2015 | 891,303 | 1,530,117 | (2,224) | (6,965) | 8,626 | (373) | 486,429 | (134,539) | 2,772,374 | 30,181 | 2,802,555 | |
Changes in equity [Roll Forward] | ||||||||||||
Dividends distributions/ withdrawals made | (336,659) | 134,539 | (202,120) | (4,008) | (206,128) | |||||||
Transfer of retained earnings to reserves | 112,219 | (112,219) | ||||||||||
Provision for mandatory dividends | (142,815) | (142,815) | (142,815) | |||||||||
Subtotal | 112,219 | (448,878) | (8,276) | (344,935) | (4,008) | (348,943) | ||||||
Other comprehensive income | 13,414 | (6,338) | (1,724) | 5,352 | 803 | 6,155 | ||||||
Income for the year | 476,067 | 476,067 | 2,365 | 478,432 | ||||||||
Subtotal | 13,414 | (6,338) | (1,724) | 476,067 | 481,419 | 3,168 | 484,587 | |||||
Equity at ending at Dec. 31, 2016 | 891,303 | 1,642,336 | (2,224) | 6,449 | 2,288 | (2,097) | 37,551 | 476,067 | (142,815) | 2,908,858 | 29,341 | 2,938,199 |
Changes in equity [Roll Forward] | ||||||||||||
Distribution of income from previous period | 476,067 | (476,067) | ||||||||||
Equity at beginning at Dec. 31, 2016 | 891,303 | 1,642,336 | (2,224) | 6,449 | 2,288 | (2,097) | 513,618 | (142,815) | 2,908,858 | 29,341 | 2,938,199 | |
Changes in equity [Roll Forward] | ||||||||||||
Dividends distributions/ withdrawals made | (330,645) | 142,815 | (187,830) | (242) | (188,072) | |||||||
Transfer of retained earnings to reserves | 141,706 | (141,706) | ||||||||||
Provision for mandatory dividends | (168,840) | (168,840) | (168,840) | |||||||||
Subtotal | 141,706 | (472,351) | (26,025) | (356,670) | (242) | (356,912) | ||||||
Other comprehensive income | (5,990) | (5,850) | 2,888 | (8,952) | 336 | (8,616) | ||||||
Income for the year | 562,801 | 562,801 | 12,448 | 575,249 | ||||||||
Subtotal | (5,990) | (5,850) | 2,888 | 562,801 | 553,849 | 12,784 | 566,633 | |||||
Equity at ending at Dec. 31, 2017 | 891,303 | 1,784,042 | (2,224) | 459 | (3,562) | 791 | 41,267 | 562,801 | (168,840) | 3,106,037 | 41,883 | 3,147,920 |
Changes in equity [Roll Forward] | ||||||||||||
Distribution of income from previous period | 562,801 | (562,801) | ||||||||||
Equity at beginning at Dec. 31, 2017 | 891,303 | 1,784,042 | (2,224) | 459 | (3,562) | 791 | 604,068 | (168,840) | 3,106,037 | 41,883 | 3,147,920 | |
Changes in equity [Roll Forward] | ||||||||||||
Impact of adopting IFRS 9 | 394 | (19) | (82,367) | (81,992) | (81,992) | |||||||
Restated opening balance under IFRS 9 | 891,303 | 1,784,042 | (2,224) | 853 | (3,562) | 772 | 521,701 | (168,840) | 3,024,045 | 41,883 | 3,065,928 | |
Dividends distributions/ withdrawals made | (423,611) | 168,840 | (254,771) | 4 | (254,767) | |||||||
Transfer of retained earnings to reserves | 141,204 | (141,204) | ||||||||||
Provision for mandatory dividends | (178,600) | (178,600) | (178,600) | |||||||||
Subtotal | 141,204 | (564,815) | (9,760) | (433,371) | 4 | (433,367) | ||||||
Other comprehensive income | 4,799 | 13,365 | (4,874) | 13,290 | (84) | 13,206 | ||||||
Income for the year | 595,333 | 595,333 | 4,360 | 599,693 | ||||||||
Subtotal | 4,799 | 13,365 | (4,874) | 595,333 | 608,623 | 4,276 | 612,899 | |||||
Equity at ending at Dec. 31, 2018 | $ 891,303 | $ 1,925,246 | $ (2,224) | $ 5,652 | $ 9,803 | $ (4,102) | $ (43,114) | $ 595,333 | $ (178,600) | $ 3,199,297 | $ 46,163 | $ 3,245,460 |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of changes in equity [abstract] | ||
Total attributable to shareholders of the Bank | $ 564,815 | $ 472,351 |
Allocated to reserves | 141,204 | 141,706 |
Allocated to dividends | $ 423,611 | $ 330,645 |
Percentage distributed | 75.00% | 70.00% |
Number of shares | 188,446,126,794 | 188,446,126,794 |
Dividend per share (in pesos per share) | $ 2.248 | $ 1.755 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
A - CASH FLOWS FROM OPERATING ACTIVITIES | |||
NET INCOME FOR THE YEAR | $ 599,693 | $ 575,249 | $ 478,432 |
Adjustments for non-cash items included in net income | (1,249,728) | (1,198,330) | (1,082,975) |
Depreciation and amortization | 79,280 | 77,823 | 65,359 |
Impairment of property, plant, and equipment | 39 | 5,644 | 234 |
Provision for loan losses | 405,889 | 385,782 | 420,381 |
Mark to market of trading investments | 1,438 | 1,438 | (2,682) |
Income from investments in associates and other companies | (5,095) | (3,962) | (3,012) |
Net gain on sale of assets received in lieu of payment | (7,106) | (3,330) | (1,663) |
Provision on assets received in lieu of payment | 816 | 3,912 | 9,246 |
Net gain on sale of property, plant and equipment | (2,490) | (23,229) | (2,017) |
Net interest income | (1,414,368) | (1,326,691) | (1,281,366) |
Net fee and commission income | (290,885) | (279,063) | (254,424) |
Other non-cash items | (8,271) | (29,903) | 4,238 |
Changes in deferred taxes | (25,517) | (6,751) | (37,269) |
Increase/decrease in operating assets and liabilities | 1,672,577 | 206,724 | 1,340,696 |
(Increase) of loans and accounts receivables from customers, net | (2,703,700) | (629,605) | (1,643,744) |
Decrease (increase) of financial investments | 588,918 | 725,611 | (1,417,211) |
Decrease (increase) due to resale agreements (assets) | 6,736 | (4,273) | |
Decrease (increase) of interbank loans | 147,534 | 110,036 | (261,744) |
Decrease of assets received or awarded in lieu of payment | 722 | 4,125 | 18,238 |
Increase of debits in customers checking accounts | 521,476 | 127,968 | 268,695 |
(Decrease) increase of time deposits and other time liabilities | 1,153,874 | (1,237,764) | 968,942 |
Increase (decrease) of obligations with domestic banks | (480) | (364,956) | 365,436 |
Increase (decrease) of other demand liabilities or time obligations | 451,775 | 100,883 | (85,502) |
Increase of obligations with foreign banks | 90,754 | 146,947 | 243,355 |
(Decrease) increase of obligations with Central Bank of Chile | (5) | (2) | 3 |
(Decrease) increase of obligations under repurchase agreements | (219,516) | 55,624 | 68,748 |
Increase in other financial liabilities | (26,630) | 2,014 | 19,489 |
(Decrease) increase of other assets and liabilities | (888,776) | (158,281) | 259,899 |
Redemption of letters of credit | (8,989) | (11,772) | (16,606) |
Senior bond issuances | 1,156,057 | 911,581 | 3,537,855 |
Redemption of mortgage bonds and payments of interest | (5,911) | (5,736) | (5,492) |
Redemption of senior bonds and payments of interest | (289,837) | (1,167,656) | (2,499,271) |
Redemption of subordinated bonds and payments of interest | (14,899) | (12,128) | |
Interest received | 2,244,317 | 2,058,446 | 2,137,044 |
Interest paid | (829,949) | (731,755) | (855,678) |
Dividends received from investments in other companies | 38 | 116 | 217 |
Fees and commissions received | 484,463 | 455,558 | 431,184 |
Fees and commissions paid | (193,578) | (176,495) | (176,760) |
Total cash flow (used in) provided by operating activities | 1,022,522 | (416,357) | 736,153 |
B - CASH FLOWS FROM INVESTMENT ACTIVITIES: | |||
Purchases of property, plant, and equipment | (68,329) | (58,771) | (62,355) |
Sales of property, plant, and equipment | 6,297 | 17,939 | 560 |
Purchases of investments in associates and other companies | (3) | (1,123) | |
Purchases of intangible assets | (29,563) | (32,624) | (27,281) |
Total cash flow .used in investment activities | (91,565) | (73,459) | (90,199) |
C - CASH FLOW FROM FINANCING ACTIVITIES: | |||
From shareholders' financing activities | (423,611) | (330,645) | (336,659) |
Dividends paid | (423,611) | (330,645) | (336,659) |
Total cash flow used in financing activities | (423,611) | (330,645) | (336,659) |
D - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR | 507,316 | (820,460) | 309,295 |
E - EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS | 114,498 | (31,398) | (150,266) |
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS | 1,634,341 | 2,486,199 | 2,327,170 |
FINAL BALANCE OF CASH AND CASH EQUIVALENTS | 2,256,155 | 1,634,341 | 2,486,199 |
Provision for loan losses for cash flow purposes | 405,889 | 385,782 | 420,381 |
Recovery of loans previously charged off | (88,481) | (83,527) | (78,298) |
Provision for loan losses - net | $ 317,408 | $ 302,255 | $ 342,083 |
CONSOLIDATED STATEMENTS OF CA_2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Reconciliation of liabilities that arise from financing activities [Roll Forward] | |
Balance as of beginning | $ 773,192 |
Cash flow | (423,611) |
Changes not related to cash flows | |
Adquisition | |
Foreign currency exchange | |
Price level restatement | 22,769 |
Fair value changes | |
Balance as of ending | 372,346 |
Other Liabilities [Member] | |
Reconciliation of liabilities that arise from financing activities [Roll Forward] | |
Balance as of beginning | |
Cash flow | |
Changes not related to cash flows | |
Adquisition | |
Foreign currency exchange | |
Price level restatement | |
Fair value changes | |
Balance as of ending | |
Subordinated Bonds [Member] | |
Reconciliation of liabilities that arise from financing activities [Roll Forward] | |
Balance as of beginning | 773,192 |
Cash flow | |
Changes not related to cash flows | |
Adquisition | |
Foreign currency exchange | |
Price level restatement | 22,769 |
Fair value changes | |
Balance as of ending | 795,957 |
Paid Dividend [Member] | |
Reconciliation of liabilities that arise from financing activities [Roll Forward] | |
Balance as of beginning | |
Cash flow | (423,611) |
Changes not related to cash flows | |
Adquisition | |
Foreign currency exchange | |
Price level restatement | |
Fair value changes | |
Balance as of ending | $ (423,611) |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 01 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES CORPORATE INFORMATION Banco Santander Chile is a banking corporation (limited company) operating under the laws of the Republic of Chile, headquartered at Bandera N°140, Santiago. The corporation provides a broad range of general banking services to its customers, ranging from individuals to major corporations. Banco Santander Chile and its subsidiaries (collectively referred to herein as the “Bank” or “Banco Santander Chile”) offers commercial and consumer banking services, including (but not limited to) factoring, collection, leasing, securities and insurance brokering, mutual and investment fund management brokering, and investment banking. Banco Santander Spain controls Banco Santander-Chile through its holdings in Teatinos Siglo XXI Inversiones Ltda. and Santander-Chile Holding S.A., which are controlled subsidiaries of Banco Santander Spain. As of December 31, 2018 Banco Santander Spain owns or controls directly and indirectly 99.5% of Santander-Chile Holding S.A. and 100% of Teatinos Siglo XXI Inversiones Ltda. Banco Santander Spain, through its subsidiaries, has control over 67.18% of the Bank’s shares. a) Basis of preparation These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) (hereinafter referred to as IFRS). For purposes of these financial statements we use certain terms and conventions. References to “US$”, “U.S. dollars” and “dollars” are to United States dollars, references to “EUR” are to European Economic Community Euro, references to “CNY” are to Chinese Yuan, reference to “JPY” are to Japanese Yuan, references to “CHF” are to Swiss franc, references to “Chilean pesos”, “pesos” or “Ch$” are to Chilean pesos, and references to “UF” are to Unidades de Fomento. The UF is an inflation-indexed Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The UF is revalued in monthly cycles. Each day in the period beginning on the tenth day of the current month through the ninth day of the succeeding month, the nominal peso value of the UF is indexed up (or down in the event of deflation) in order to reflect a proportionate amount of the change in the Chilean Consumer Price Index during the prior calendar month. One UF is equaled to Ch$27,565.79 as of December 31, 2018 and Ch$26,798.14 as of December 31, 2017. In 2018, UF inflation was 2.6% compared to 2.3% in 2017. The effect of any changes in the nominal peso value of our UF-denominated interest earning assets and interest bearing liabilities is reflected in our results of operations as an increase (or decrease, in the event of deflation) in interest income and expense, respectively. The Notes to the Consolidated Financial Statements contain additional information to support the figures submitted in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statements of Changes in Equity and Consolidated Statements of Cash Flows for the period. b) Basis of preparation for the Consolidated Financial Statements The Cnsolidated Financial Statements for the years ended December 31, 2018, 2017 and 2016, incorporate the financial statements of the entities over which the Bank has control (including structured entities); and includes the adjustments, reclassifications and eliminations needed to comply with the accounting and valuation criteria established by IFRS. Control is achieved when the Bank: I. has power over the investee; II. is exposed, or has rights, to variable returns from its involvement with the investee; and III. has the ability to use its power to affect its returns. The Bank reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Bank has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities over the investee unilaterally. The Bank considers all relevant facts and circumstances in assessing whether or not the Bank’s voting rights in an investee are sufficient to give it power, including: ● the size of the Bank’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● potential voting rights held by the Bank, other vote holders or other parties; ● rights arising from other agreements; and ● any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. Consolidation of a subsidiary begins when the Bank obtains control over the subsidiary and ceases when the Bank loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the Consolidated Statements of Income and Comprehensive Income from the date the Bank gains control until the date when the Bank ceases to control the subsidiary. Profit or loss and each component of other comprehensive income are attributed to the owners of the Bank and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Bank and to the non-controlling interests even if this results in the non-controlling interests having a deficit in certain circumstances. When necessary, adjustments are made to the financial statements of the subsidiaries to ensure their accounting policies are consistent with the Bank’s accounting policies. All intragroup assets, liabilities, equity, income, expenses and cash flows relating to transactions between consolidated entities are eliminated in full on consolidation. Changes in the consolidated entities ownership interests in subsidiaries that do not result in a loss of control over the subsidiaries are accounted for as equity transactions. The carrying values of the Bank’s equity and the non-controlling interests’ equity are adjusted to reflect the changes to their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Bank. In addition, third parties’ shares in the Bank’s consolidated equity are presented as “Non-controlling interests” in the Consolidated Statements of Changes in Equity. Their share in the income for the year is presented as “Attributable to non-controlling interest” in the Consolidated Statements of Income. The following companies are considered entities controlled by the Bank and are therefore within the scope of consolidation: i. Entities controlled by the Bank through participation in equity Name of the Subsidiary Percent ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Direct Indirect Total Direct Indirect Total Direct Indirect Total Main Activity % % % % % % % % % Santander Corredora de Seguros Limitada Insurance brokerage Santiago, Chile 99.75 0.01 99.76 99.75 0.01 99.76 99.75 0.01 99.76 Santander Corredores de Bolsa Limitada Financial instruments brokerage Santiago, Chile 50.59 0.41 51.00 50.59 0.41 51.00 50.59 0.41 51.00 Santander Agente de Valores Limitada (*) Securities brokerage Santiago, Chile 99.03 - 99.03 99.03 - 99.03 99.03 - 99.03 Santander S.A. Sociedad Securitizadora Purchase of credits and issuance of debt instruments Santiago, Chile 99.64 - 99.64 99.64 - 99.64 99.64 - 99.64 The detail of non-controlling participation on all the remaining subsidiaries can be seen in Note 25– Non-controlling interest. (*) On July 25, 2018, the company has ceased conducting foreign currency purcharse and sale operations, hence forth this operation will be carried out directly by the Bank. ii. Entities controlled by the Bank through other considerations The following companies have been consolidated based on the determination that the Bank has control as previously defined above and in accordance with IFRS 10, Consolidated Financial Statements - Santander Gestión de Recaudación y Cobranza Limitada (collection services) - Bansa Santander S.A. (management of repossessed assets and leasing of properties) iii. Associates An associate is an entity over which the Bank has significant influence. Significant influence, in this case, is defined as the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. An investment in an associate is accounted for using the equity method from the date on which the investee becomes an associate. The following companies are considered “Associates” in which the Bank accounts for its participation using the equity method: Percentage of ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Associates Main activity % % % Redbanc S.A. ATM services Santiago, Chile 33.43 33.43 33.43 Transbank S.A. (*) Debit and credit card services Santiago, Chile 25.00 25.00 25.00 Centro de Compensación Automatizado Electronic fund transfer and compensation services Santiago, Chile 33.33 33.33 33.33 Sociedad Interbancaria de Depósito de Valores S.A. Delivery of securities on public offer Santiago, Chile 29.29 29.29 29.29 Cámara Compensación de Alto Valor S.A. Payments clearing Santiago, Chile 15.00 15.00 14.93 Administrador Financiero del Transantiago S.A. Administration of boarding passes to public transportation Santiago, Chile 20.00 20.00 20.00 Sociedad Nexus S.A. Credit card processor Santiago, Chile 12.90 12.90 12.90 Servicios de Infraestructura de Mercado OTC S.A. Administration of the infrastructure for the financial market of derivative instruments Santiago, Chile 12.48 12.48 12.07 (*) The Bank has given a mandate to third party to exercise its rights as shareholder in Transbank. In the case of Sociedad Nexus S.A. and Cámara Compensación de Pagos Alto Valor S.A., Banco Santander Chile has a representative on the Board of Directors. As per the definition of associates, the Bank has concluded that it exerts significant influence over those entities. In the case of Servicios de Infraestructura de Mercado OTC S.A.The Bank participates, through its executives, actively in the administration and in the process of organization, which is why the Administration has concluded that it exerts significant influence on it. During 2017, Rabobank Chile in liquidation process and Banco París, ceded to Banco Santander Chile a portion of its share in the company “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A.”, thereby increasing the Bank’s share in 15%. During the last quarter of 2016, Banco Penta ceded to Banco Santander Chile a portion of its share in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A.” and “Servicios de Infraestructura de Mercado OTC S.A.”, thereby increasing the Bank’s share to 14.93% and 12.07% respectively. At the end of 2016, D eutsche Bank ceded to Banco Santander Chile a portion of its share in the companies "Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A." and "Servicios de Infraestructura de Mercado OTC S.A.", thereby increasing the Bank's share to 14.84% and 11.93% respectively. At the Extraordinary Shareholders meeting held in April 21, 2016, Transbank S.A. agreed to increase its capital by capitalizing the accumulated profits, through the placement of shares for Ch$4,000 million approximately. Banco Santander Chile participated proportionally in its participation (25%), therefore subscribed and paid in for Ch$1,000 million. Previously, Transbank agreed to capital increase at an Extraordinary Shareholders’ Meeting held in April 2015, Banco Santander subscribed to that agreement, maintaining its ownership. c) Non-controlling interest Non-controlling interest represents the portion of net income and net assets which the Bank does not own, either directly or indirectly. It is presented as “Attributable to non-controlling interest” separately in the Consolidated Statements of Income, and separately from shareholders’ equity in the Consolidated Statements of Financial Position. In the case of entities controlled by the Bank through other considerations, income and equity are presented in full as non-controlling interest, since the Bank controls them, but does not have any ownership expressed as a percentage. d) Reporting segments Operating segments are components of an entity: i. that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses from transactions with other components of the same entity); ii. whose operating results are regularly reviewed by the entity’s chief executive officer, who makes decisions about resources allocated to the segment and assess its performance; and iii. for which discrete financial information is available. Two or more segments can be combined only if aggregation is consistent with International Financial Reporting Standard 8 “Operating Segments” (IFRS 8) and the segments have similar economic characteristics and are similar in each of the following respects: i. the nature of the products and services; ii. the nature of the production processes; iii. the type or class of customers that use their products and services; iv. the methods used to distribute their products or services; and v. if applicable, the nature of the regulatory environment, for example, banking, insurance, or public utilities. The Bank reports separately on each operating segment that exceeds any of the following quantitative thresholds: i. its reported revenue, from both external customers and intersegment sales or transfers, is 10% or more of the combined internal and external revenue of all the operating segments. ii. the absolute amount of its reported profit or loss is 10% or more of the greater in absolute amount of: (i) the combined reported profit of all the operating segments that did not report a loss; (ii) the combined reported loss of all the operating segments that reported a loss. iii. its assets represent 10% or more of the combined assets of all the operating segments. Operating segments that do not meet any of the quantitative threshold may be treated as segments to be reported, in which case the information must be disclosed separately if management believes it could be useful for the users of the Consolidated Financial Statements. Information about other business activities of the operating segments not separately reported is combined and disclosed in the “Other segments” category. e) Functional and presentation currency According to International Accounting Standard (IAS) 21 “The Effects of Changes in Foreign Exchange Rates”, the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency which influences its costs and revenue structure, has been defined as the Bank’s functional and presentation currency. Accordingly, all balances and transactions denominated in currencies other than the Chilean Peso are treated as “foreign currency”. The Bank maintains its accounting records and prepares its financial statements in Chilean pesos. The US dollar amounts disclosed in the accompanying financial statements are presented solely for the convenience of the reader as of December 31, 2018 using the observed exchange rate of Ch$697.76 per US$1.00. Such translations should not be construed as representations that the (local currency) amounts represent, or have been or could be converted into, United States dollars at that or any other rate. f) Foreign currency transactions The Bank makes transactions in amounts denominated in foreign currencies, mainly the U.S. dollar. Assets and liabilities denominated in foreign currencies, held by the Bank are translated to Chilean pesos based on the market rate published by Reuters at 1:30 p.m. representative of the month end reported; the rate used was Ch$697.76 per US$1 as of December 31, 2018 (Ch$616.85 per US$1 as of December, 2017). The amounts of net foreign exchange gains and losses includes recognition of the effects that exchange rate variations have on assets and liabilities denominated in foreign currencies and the profits and losses on foreign exchange spot and forward transactions undertaken by the Bank. g) Classification and measurement of financial instrument – under IFRS 9 (first adoption) Financial instruments must be classified and measured in accordance with IFRS 9 starting from January 1, 2018, which established guidance for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows. I. Classification of financial instrument i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify wheter they meet SPI criterion, ie, the contract is a basic lending arrangement. The Bank applies judgement and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Banks’s business model is not assessed on an instrument-by- instrument basis, but at a higher level of aggregated portfolio and is based on observable factors such as: performance of the financial assets, the risk that affect the performance, and the expected frequency, value and timing of sales. In accordance with IFRS 9 the business models are: ● Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realise cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. ● Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. ● Other business model - financial assets held in this business has the objective of realising cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realise those fair values. ii) Classification of financial liabilities The Bank classified all financial liabilities as subsequently measured at amortised cost, except for derivatives that are liabilities, which are measured at fair value through profit or loss. iii) Reclassification Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. II. Measurement of financial instruments i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs are directly attributable to the acquisition or issue of the financial asset or financial liability. ii) Subsequent measurement- financial assets After initial recognition, the Bank shall measures a financial asset at: (a) Amortised cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at amortised cost. The effective interest method is used in the calculation of the amortised cost of a financial asset or a financial liability and in the allocation and recognition of the interest revenue or interest expense in profit or loss over the relevant period. The effective interest rate (EIR) is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. (b) Fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling, and that contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at FVOCI. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income, until the assets are sold. Upon disposal, the cumulative gain and losses in OCI are recognised in the income statements. (c) Fair value through profit or loss (FVTPL) Financial assets that do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial assets, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Financial assets held for trading are recognised at fair value through profit or loss, likewise derivatives contracts for trading purposes. (d) Equity instruments For certain equity instruments, the Bank may make an irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, except for dividend income which is recognised in profit or loss. Gains or losses on derecognition of these equity instruments are not transferred to profit or loss. iii) Subsequent measurement- financial liabilities After initial recognition, the Bank shall measure a financial liability at amortised cost. IV. Derecognition of financial assets and liabilities Financial assets are derecognised when, and only when: ● the contractual rights to the cash flows from the financial asset expire , or ● the Bank transfers substantially all the risks and rewards of ownership of the financial asset, and therefore the Bank derecognises the financial asset and recognise separately any rights and obligations created or retained in the transfer. In some cases, the Bank enters into transactions for which it retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows in an arrangement that meets all the conditions required, i.e. the Bank only transfers collected amounts from original assets, selling or pledging original assets is prohibited, and the Bank has the obligation to remit cash flows collected without material delay. When a financial asset is sold and the Bank simultaneously agrees to repurchase it (or an asset that is substantially the same) at a fixed price on a future date, the Bank continues to recognise the financial assets in their entirety in the statements of financial position because it retains substantially all of the risks and rewards of ownership. The cash consideration received is recognised as a financial asset and a financial liability is recognised for the obligation to pay the repurchase price. Financial liabilities are derecognised when, and only when, they are extinguished, cancelled or expired. VI. Contingent loan The Bank issues contingent liabilities (including letters of credit, foreign letters of credit and performance guarantee) and loan commitments. Contingent liabilities and undrawn loan commitments are commitments under which, over the duration of the commitment, the Bank is required to provide a loan with pre-specified term to the customer. The nominal contractual loan value, when the loan agreed to be provided is on market terms, is not recorded in the statements of financial position. The related ECL allowances are disclosed in Note 22. h) Definitions and classification of financial instruments – under IAS 39 (for 2017 balances) i. Definitions A “financial instrument” is any contract that gives rise to a financial asset of one entity, and a financial liability or equity instrument of another entity. An “equity instrument” is a legal transaction that evidences a residual interest in the assets of an entity deducting all of its liabilities. A “financial derivative” is a financial instrument whose value changes in response to the changes in an underlying observable market variable (such as an interest rate, a foreign exchange rate, a financial instrument’s price, or a market index, including credit ratings), whose initial investment is very small compared with other financial instruments having a similar response to changes in market factors, and which is generally settled at a future date. “Hybrid financial instruments” are contracts that simultaneously include a non-derivative host contract together with a financial derivative, known as an embedded derivative, which is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. ii. Classification of financial assets for measurement purposes Financial assets are classified into the following specified categories: trading investments at fair value through profit or loss (FVTPL), ‘held to maturity investments’, ‘available for sale investments (AFS)’ and ‘loans and accounts receivable from customers’. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. All regular purchases or sales of financial asset are recognised and derecognised on a trade basis. Regular way purchases or sales of financial assets require delivery of the asset within the time frame established by regulation or convention in the marketplace. Effective interest method The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Income is recognised on an effective interest basis for loans and accounts receivables other than those financial assets classified as at fair value through profit or loss. Financial assets FVTPL – trading investment Financial assets are classified as FVTPL when the financial asset is either held for trading or they are designated as at fair value through profit or loss. A financial asset is classified as held for trading if: ● it has been acquired principally for the purpose of selling it in the near term; or ● on initial recognition it is part of a portfolio of identified financial instruments that the Bank manages together and has a recent actual pattern of short-term profit-taking; or ● it is a derivative that is not designated and effective as a hedging instrument. A financial asset other than a financial asset held for trading may be designated as FVTPL upon initial recognition if: ● such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or ● the financial asset forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Bank’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or ● it forms part of a contract containing one or more embedded derivatives, and IAS 39 permits the entire combined contract to be designated as FVTPL. Financial assets at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any dividend or interest earned on the financial asset and is included in the ‘net income (expense) from financial operations’ line item. Held to maturity investments Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity dates that the Bank has the positive intent and ability to hold to maturity. Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using the effective interest method less any impairment. Available for sale investments (AFS investments) AFS investments are non-derivatives that are either designated as AFS or are not classified as (a) loans and accounts receivable from customers, (b) held-to-maturity investments or (c) financial assets at fair value through profit or loss (trading investments). Financial instruments held by the Bank that are traded in an active market are classified as AFS and are stated at fair value at the end of each reporting period. The Bank also has investments in financial instruments that are not traded in an active market but that are also classified as AFS investments and stated at fair value at the end of each reporting period (because the Bank considers that fair value can be reliably measured). Changes in the carrying amount of AFS monetary financial assets relating to changes in foreign currency rates, interest income calculated using the effective interest method and dividends on AFS equity investments are recognised in profit or loss. Other changes in the carrying amount of available for sale investments are recognised in other comprehensive income and accumulated under the heading of “Valuation Adjustment”. When the investment is disposed of or is determined to be impaired, the cumulative gain or loss previously accumulated in the investments revaluation reserve is reclassified to profit or loss. Dividends on AFS equity instruments are recognised in profit or loss when the Bank’s right to receive the dividends is established. The fair value of AFS monetary financial assets denominated in a foreign currency is determined in that foreign currency and translated as the described in f) above. The foreign exchange gains and losses that are recognised in profit or loss are determined based on the amortised cost of the monetary asset. Loans and accounts receivable from customers Loans and accounts receivable from customers are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Loans and accounts receivables from customers (including loans and accounts receivable from customers and interbank loans) are measured at amortised cost using the effective interest method, less any impairment. Interest income i |
ACCOUNTING CHANGES
ACCOUNTING CHANGES | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Changes | |
ACCOUNTING CHANGES | NOTE 02 ACCOUNTING CHANGES A. IFRS 15 ADOPTION On January 1, 2018, IFRS 15 revenues from contracts with customers has become effective. In accordance with the Bank’s activities, income and expenses arising from fees and commission are under the scope of this new standard. The following table reconcilies the prior period’s closing impairment allowance measured in accordance with the IAS 39 incurred loss model to the new impairment model: The Bank has elected to adopt IFRS 15 using a modified retrospective approach where the cumulative effect of initially applying it is recognised as an adjustment to the opening balance of retained earnings and comparatives are not restated. The Bank concluded that there is no impact as of January 1, 2018, however new disclosure requirements must be adopted. See Note 1 and Note 28. B. IFRS 9 ADOPTION – Transition disclosure The following disclosure provides the impact of adopting IFRS 9 on the statements of financial position and retained earnings including the effect of replacing IAS 39’s incurred credit loss provision with IFRS 9’s ECLs. IAS 39 carrying amount IFRS 9 carrying amount Ref Category Amount Reclassification Remeasurement Amount Category MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ AMORTISED COST Cash and deposit in banks Opening balance under IAS 39 and closing under IFRS 9 AC 1,452,922 - - 1,452,922 AC Interbank loans, net Opening balance under IAS 39 AC 162,213 - - - - Remeasurement: ECL Allowance A - - (162,213) - - - Closing balance under IFRS9 - - - - - - Loans and accounts receivable from customers, net Opening balance under IAS 39 AC 26,772,544 - - - - Addition: from interbank loans A - - 162,213 - - - Subtraction to FVOCI (net of allowance) B - - (107,846) Remeasurement: ECL Allowance - - - (97,322) - Closing balance under IFRS 9 - - - - 26,729,589 AC Total financial assets measured at amortised cost 28,387,679 (107,846) (97,322) 28,182,511 FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (FVOCI) Available for sale investment (debt securities) Opening balance under IAS 39 FVOCI 2,574,546 - - - Remeasurement: ECL Allowance - - - Closing balance under IFRS 9 - - - 2,574,546 FVOCI Loans and accounts receivable from customers , net Opening balance under IAS 39 AC - - - - Addition: from amortised cost (net of allowance) B - 107,846 - - Remeasurement: from cost to FV B - - (236) - Remeasurement: ECL Allowance B - - 291 - Closing balance under IFRS 9 - 107,846 55 107,901 FVOCI Investment in associate and other companies – Bladex (equity instuments) Opening balance under IAS 39 Cost 136 - - - Remeasurement: from cost to FV C - - 306 - Closing balance under IFRS 9 - - 306 442 FVOCI Investment in associate and other companies- Stock exchange (equity instruments) Opening balance under IAS 39 FV 287 - - - Remeasurement: from cost to FV - - - - Closing balance under IFRS 9 C - - - 287 FVOCI Total financial assets measured at FVOCI 2,574,969 107,846 361 2,683,176 Ref IAS 39 carrying amount IFRS 9 carrying amount Category Amount Reclassification Remeasurement Amount Category MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ FAIR VALUE THROUGH PROFIR OR LOSS (FVPL) Trading investment Opening balance under IAS 39 and closing under IFRS 9 FVPL 485,736 485,736 FVPL Derivatives contracts (hedging + trading Opening balance under IAS 39 and closing under IFRS 9 FVPL 2,238,647 2,238,647 FVPL Total financial assets measured at FVTPL 2,724,383 2,274,383 The following explains how applying the new requirements of IFRS 9 led to changes in classification of certain financial assets held by the Bank as shown in the table above: (A) Interbank loans According to the new balance presentation, the Bank has grouped interbank loans with the loans and account receivable since both are measured at amortised cost, and evaluated together for impairment purposes. (B) Loans and account receivable measured at fair value through other comprehensive income The Bank enters into arrangements with its major customers for project finance and syndicated loans and, sometimes the amount requested exceeds the Bank’s limit for a single client exposure under the established credit risk policy, accordingly, the transaction is approved under the condition to sell a portion of the facility in the near term, which is classified under this category. Also, the Bank has decided to include loans that the Bank are expecting to sell if the market conditions are favourable to the Bank in this category. These loans are measured at fair value through other comprehensive income, and subject to impairment requirements. (C) Investment in equity instrument The Bank has elected to irrevocably designate non-trading equity securities required to operates in Chile and outside at FVOCI as permited under IFRS 9. Bladex and stock exchange securities were previously measured at cost as permited by IAS 39. The changes in fair value will no longer be reclassified to profit or loss when they are disposed of. The following table reconcilies the prior period’s closing impairment allowance measured in accordance with the IAS 39 incurred loss model to the new impairment model: Loans loss allowance under IAS 39 Reclassification Remeasurement Loans loss allowance under IFRS 9 MCh$ MCh$ MCh$ MCh$ Loans and receivable (IAS 39)/ Financial assets at amortised cost (IFRS 9) Interbank loans 472 (472) - - Loans and account receivable from customers 790,685 84 97,322 888,091 Total loans and account receivable at amortised cost 791,157 (388) 97,322 888,091 Available for sale investment (IAS39)/Financial assets at FVOCI (IFRS 9) Loans and account receivable from customer – at FVOCI - 388 (291) 97 Total financial assets at FVOCI - 388 (291) 97 Other credit- related commitments Contingent liabilities 8,404 - (3,767) 4,637 Loan commitments - - 19,124 19,124 Total contingents 8,404 - 15,357 23,761 Total provision for loan losses 799,561 - 112,388 911,949 The composition of the loan portfolio as of January 1, 2018 is as follows: As of January 1, 2018 Assets before allowances ECL allowance Net Assets Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Interbank loans 162,685 - - 162,685 13 - - 13 162,672 Commercial loans 8,743,179 595,436 543,807 9,882,422 56,546 36,541 246,870 339,957 9,542,465 Foreign trade loans 1,464,059 56,110 54,344 1,574,513 4,883 849 33,480 39,212 1,535,301 Checking accounts debtors 173,738 8,005 13,953 195,696 2,302 411 9,385 12,098 183,598 Factoring transactions 441,014 4,035 4,841 449,890 837 91 3,366 4,294 445,596 Student loans 70,984 7,402 9,904 88,290 3,644 2,329 6,092 12,065 76,225 Leasing transactions 1,235,103 161,882 60,019 1,457,004 8,946 9,553 27,835 46,334 1,410,670 Other loans and account receivable 110,307 5,663 36,623 152,593 2,640 1,549 24,551 28,740 123,853 Subtotal 12,401,069 838,533 723,491 13,963,093 79,811 51,323 351,579 482,713 13,317,708 Mortgage loans Loans with mortgage finance bonds 21,529 1,230 1,301 24,060 25 51 172 248 23,812 Endorsable mortgage mutual loans 107,900 2,973 4,205 115,078 100 143 628 871 114,207 Other mortgage mutual loans 8,061,800 465,146 430,811 8,957,757 14,477 20,033 72,390 106,900 8,850,857 Subtotal 8,191,229 469,349 436,317 9,096,895 14,602 20,227 73,190 108,019 8,988,876 Consumer loans Installment consumer loans 2,378,614 234,044 298,084 2,910,742 51,172 46,866 157,811 255,849 2,654,893 Credit card balances 1,324,742 20,916 19,322 1,364,980 20,443 7,633 11,982 40,058 1,324,922 Leasing transactions 4,627 47 41 4,715 1,013 23 74 1,110 3,605 Other consumer loans 270,410 2,573 4,272 277,255 84 35 223 342 276,913 Subtotal 3,978,393 257,580 321,719 4,557,692 72,712 54,557 170,090 297,359 4,260,333 Total 24,570,691 1,565,462 1,481,527 27,617,680 167,125 126,107 594,859 888,091 26,566,917 |
SIGNIFICANT EVENTS
SIGNIFICANT EVENTS | 12 Months Ended |
Dec. 31, 2018 | |
Significant Events | |
SIGNIFICANT EVENTS | NOTE 03 SIGNIFICANT EVENTS As of December 31, 2018, the following significant events have occurred and affected the Bank`s operations and Consolidated Financial Statements. a) The Board During the ordinary session of the Board of Directors of Banco Santander-Chile, held on February 27, 2018, the following matters were agreed: - On the occasion of the resignation of Mr. Vittorio Corbo Lioi from his position as Director, it was effective during the said session, who was also exercised as Chairman of the Board of Directors, Mr. Claudio Melandri Hinojosa was appointed in his place as Director and Chairman of the Board of Banco Santander-Chile, who will temporarily hold the position of General Manager until February 28, 2018 inclusive, in accordance with the provisions of Article 49 No. 8 of the General Banking Law. - Mr. Miguel Mata Huerta, has been appointed as Bank's General Manager, as of March 1, 2018, who served as Deputy General Manager, this position was eliminated. During the ordinary session of the Board of Directors of Banco Santander-Chile, held on March 27, 2018, the following matters were agreed: - On the occasion of the resignation of the Regular Directors, Mr. Roberto Méndez Torres and Mr. Roberto Zahler Mayanz, made on this date, the Board of Directors has appointed Mrs. Félix de Vicente Mingo and Alfonso Gómez Morales as their principal independent Directors. - Mr. Orlando Poblete Iturrate has been appointed First Vice President and Oscar Von Chrismar Carvajal as Second Vice President. - It was agreed to call an Ordinary Meeting of Shareholders for April 24, 2018. At the Ordinary Shareholders' Meeting of Banco Santander-Chile, held on April 24, 2018, Claudio Melandri Hinojosa was appointed Chairman and the independent directors Alfonso Gómez Morales and José Félix de Vicente Mingo, were appointed as principal directors, previously designated by the Board. During the ordinary session of the Board of Directors of Banco Santander-Chile, held on July 12, 2018, the following agreements were adopted: - On the occasion of the resignation of the substitute director Mr. Raimundo Monge Zegers, the board of directors has appointed Mr. Oscar Von Chrismar Carvajal, who was a principal Director. - Mr. Rodrigo Vergara Montes has been appointed independent director. - Mr. Rodrigo Vergara Montes have been appointed First Vice President and Second Vice President, Mr. Orlando Poblete Iturrate. b) Use of Profits and Distribution of Dividends At the Ordinary Shareholders’ Meeting of Banco Santander-Chile held on April 24, 2018, together with approving the Consolidated Financial Statements corresponding to the year 2017, it was agreed to distribute 75% of the net profits for the year (which are denominated in the financial statements). consolidated “Profit attributable to shareholders of the Bank”), which amounted to $ 564,815 million. These profits correspond to a dividend of $ 2.24791611 for each share. Likewise, it is approved that the remaining 25% of the profits will be used to increase the Bank’s reserves. c) Appointment of External Auditors In the Board indicated above, it was agreed to appoint the firm PricewaterhouseCoopers Consultores, Auditores SpA, as external auditors of the Bank and its subsidiaries for the 2018 fiscal year. d.1 Senior bonds During the year ended December 31, 2018 the Bank has issued senior bonds int the amount of AUD 20,000,000, EUR 66,000,000, CHF 115,000,000, JPY 7,000,000,000 and USD 70,000,000 Debt issuance information is included in Note 19. Series Currency Amount Term (annual) Issuance rate (annual) Issuance date Maturity date AUD AUD 20,000,000 5 3.56 05-11-2018 13-11-2023 Total AUD 20,000,000 CHF CHF 115,000,000 5 0.44 04-09-2018 21-12-2023 Total CHF 115,000,000 EUR EUR 26,000,000 7 1.00 04-05-2018 28-05-2025 EUR EUR 40,000,000 12 1.78 08-06-2018 15-06-2030 Total EUR 66,000,000 JPY JPY 4,000,000,000 10.5 0.65 05-07-2018 13-01-2029 JPY JPY 3,000,000,000 5 0.56 23-10-2018 23-10-2023 Total JPY 7,000,000,000 USD USD 50,000,000 10 3.69 02-10-2018 10-10-2028 USD USD 20,000,000 2 4.17 05-11-2018 16-11-2020 Total USD 70,000,000 d.2 Subordinated bonds As at December 31, 2018 the Bank had not issued subordinated bonds in this financial year. d.3 Mortgage bonds As at December 31, 2018 the Bank had not issued mortage bonds in this financial year. d.4 Repurchase of bonds The Bank has conducted the following repurchase of bonds as of December 31, 2018: Date Series Amount 04-01-2018 Senior bond CLP 12,890,000,000 04-01-2018 Senior bond CLP 4,600,000,000 22-01-2018 Senior bond UF 24,000 05-04-2018 Senior bond UF 484,000 06-04-2018 Senior bond UF 184,000 23-04-2018 Senior bond UF 216,000 24-04-2018 Senior bond UF 4,000 25-04-2018 Senior bond UF 262,000 10-05-2018 Senior bond UF 800,000 07-06-2018 Senior bond USD 3,090,000 11-12-2018 Senior bond USD 250,000,000 |
REPORTING SEGMENTS
REPORTING SEGMENTS | 12 Months Ended |
Dec. 31, 2018 | |
Reporting Segments | |
REPORTING SEGMENTS | NOTE 04 REPORTING SEGMENTS The Bank manages and measures the performance of its operations by business segments. The information disclosed in this note is not necessarily comparable to that of other financial institutions, since it is based on management’s internal information system by segment. Inter-segment transactions are conducted under normal arm’s length commercial terms and conditions. Each segment’s assets, liabilities, and income include items directly attributable to the segment to which they can be allocated on a reasonable basis. Under IFRS 8, the Bank has aggregated operating segments with similar economic characteristics according to the aggregation criteria specified in the standard. A reporting segment consists of clients that are offered differentiated but, considering how their performance is measured, are homogenous services based on IFRS 8 aggregation criteria, thus they form part of the same reporting segment. Overall, this aggregation has no significant impact on the understanding of the nature and effects of the Bank’s business activities and the economic environment. The Bank has the reportable segments noted below: Retail Banking Consists of individuals and small to middle-sized entities (SMEs) with annual income less than Ch$1,200 million. This segment gives customers a variety of services, including consumer loans, credit cards, auto loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stockbrokerage, and insurance brokerage. Additionally the SME clients are offered government-guaranteed loans, leasing and factoring. Middle-market This segment is made up of companies and large corporations with annual sales exceeding Ch$1,200 million. It serves institutions such as universities, government entities, local and regional governments and companies engaged in the real estate industry who carry out projects to sell properties to third parties and annual sales exceeding Ch$800 million with no upper limit. The companies within this segment have access to many products including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, financial consulting, savings products, mutual funds, and insurance brokerage. Also companies in the real estate industry are offered specialized services to finance projects, chiefly residential, with the aim of expanding sales of mortgage loans. Global Corporate Banking This segment consists of foreign and domestic multinational companies with sales over Ch$10,000 million. The companies within this segment have access to many products including commercial loans, leasing, factoring, foreign trade, credit cards, mortgage loans, checking accounts, transactional services, treasury services, financial consulting, investments, savings products, mutual funds and insurance brokerage. This segment also consists of a Treasury Division which provides sophisticated financial products, mainly to companies in the Middle-market and Global Corporate Banking segments. These include products such as short-term financing and fund raising, brokerage services, derivatives, securitization, and other tailor-made products. The Treasury area may act as brokers to transactions and also manages the Bank’s investment portfolio. Corporate Activities (“Other”) This segment mainly includes the results of our Financial Management Division, which develops global management functions, including managing inflation rate risk, foreign currency gaps, interest rate risk and liquidity risk. Liquidity risk is managed mainly through wholesale deposits, debt issuances and the Bank’s available for sale portfolio. This segment also manages capital allocation by unit. These activities usually result in a negative contribution to income. In addition, this segment encompasses all the intra-segment income and all the activities not assigned to a given segment or product with customers. The segments’ accounting policies are those described in the summary of accounting policies. The Bank earns most of its income in the form of interest income, fee and commission income and income from financial operations. To evaluate a segment’s financial performance and make decisions regarding the resources to be assigned to segments, the Chief Operating Decision Maker (CODM) bases his assessment on the segment’s interest income, fee and commission income, and expenses. Below are the tables showing the Bank’s results by reporting segment for the years ended December 31, 2018, 2017 and 2016 in addition to the corresponding balances of loans and accounts receivable from customers: For the year ended December 31, 2018 Loans and accounts receivable at amortised cost (1) Net interest income Net fee and commission income Financial transactions, net (2) Expected credit losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 20,786,637 949,764 220,532 19,694 (287,739) (553,157) 349,094 Middle-market 7,690,380 272,912 36,746 16,848 (26,314) (92,377) 207,815 Commercial Banking 28,477,017 1,222,676 257,278 36,542 (314,053) (645,534) 556,909 Global Corporate Banking 1,613,088 96,722 35,064 57,340 2,339 (64,913) 126,552 Other 123,309 94,970 (1,457) 11,200 (5.694) (11,486) 87,533 Total 30,213,414 1,414,368 290,885 105,082 (317,408) (721,933) 770,994 Other operating income 23,129 Other operating expenses and impairment (32,381) Income from investments in associates and other companies 5,095 Income tax expense (167,144) Net income for the year 599,693 (1) Corresponds to loans and accounts receivable at amortised cost under IFRS 9, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. For the year ended December 31, 2017 Loans and accounts receivable from customers (1) Net interest income Net fee and commission income Financial transactions, net (2) Provision for loan losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 19,233,169 970,332 206,449 20,595 (293,956) (534,970) 368,450 Middle-market 6,775,734 264,663 36,280 13,751 (19,235) (91,882) 203,577 Commercial Banking 26,008,903 1,234,995 242,729 34,346 (313,191) (626,852) 572,027 Global Corporate Banking 1,633,796 100,808 27,626 50,714 6,440 (62,685) 122,903 Other 83,215 (9,112) 8,708 44,692 4,496 (15,356) 33,428 Total 27,725,914 1,326,691 279,063 129,752 (302,255) (704,893) 728,358 Other operating income 62,016 Other operating expenses and impairment (74,057) Income from investments in associates and other companies 3,963 Income tax expense (145,031) Net income for the year 575,249 (1) Corresponds to loans and accounts receivable from customers, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. For the year ended December 31, 2016 Loans and accounts receivable from customers (1) Net interest income Net fee and commission income Financial transactions, net (2) Provision for loan losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 18,604,936 931,105 196,845 21,141 (323,888) (529,909) 295,294 Middle-market 6,396,376 244,960 30,851 19,577 (26,748) (83,412) 185,228 Commercial Banking 25,001,312 1,176,065 227,696 40,718 (350,636) (613,321) 480,522 Global Corporate Banking 2,121,513 95,105 25,077 55,927 7,579 (53,935) 129,753 Other 83,606 10,196 1,651 43,713 974 (19,649) 36,885 Total 27,206,431 1,281,366 254,424 140,358 (342,083) (686,905) 647,160 Other operating income 6,427 Other operating expenses and impairment (69,136) Income from investments in associates and other companies 3,012 Income tax expense (109,031) Net income for the year 478,432 (1) Corresponds to loans and accounts receivable from customers, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. |
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS | 12 Months Ended |
Dec. 31, 2018 | |
Cash and cash equivalents [abstract] | |
CASH AND CASH EQUIVALENTS | NOTE 05 CASH AND CASH EQUIVALENTS a) The detail of the balances included under cash and cash equivalents is as follows: As of December 31, 2018 2017 MCh$ MCh$ Cash and deposits in banks Cash 824,863 613,361 Deposits at the Central Bank of Chile 953,016 441,683 Deposits in local banks 664 393 Deposits in banks abroad 286,898 397,485 Subtotals – Cash and deposits in banks 2,065,411 1,452,922 Net cash items in process of collection 190,714 181,419 Cash and cash equivalents 2,256,155 1,634,341 The balance of funds held in cash and at the Central Bank of Chile reflects the monthly average that the Bank must maintain in accordance with the regulations governing minimum reserves although the balance can be withdrawn on demand. b) Cash in process of collection and in process of being cleared: Cash items in process of collection and in process of being cleared represent domestic transactions which have not been processed through the central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. These transactions were as follows: As of December 31, 2018 2017 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 210,546 199,619 Funds receivable 143,211 468,526 Subtotal 353,757 668,145 Liabilities Funds payable 163,043 486,726 Subtotal 163,043 486,726 Cash in process of collection, net 190,714 181,419 |
FINANCIAL ASSETS HELD FOR TRADI
FINANCIAL ASSETS HELD FOR TRADING / TRADING INVESTMENTS | 12 Months Ended |
Dec. 31, 2018 | |
Financial Assets Held For Trading Trading Investments | |
FINANCIAL ASSETS HELD FOR TRADING / TRADING INVESTMENTS | NOTE 06 FINANCIAL ASSETS HELD FOR TRADING / TRADING INVESTMENTS The detail of instruments deemed as financial trading investments is as follows: As of December 31, 2018 2017 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank Bonds 22,947 272,272 Chilean Central Bank Notes - - Other Chilean Central Bank and Government securities 48,211 209,370 Subtotal 71,158 481,642 Other Chilean securities Time deposits in Chilean financial institutions - - Mortgage finance bonds of Chilean financial institutions - - Chilean financial institution bonds - - Chilean corporate bonds - - Other Chilean securities - - Subtotal - - Foreign financial securities Foreign Central Banks and Government securities - - Other foreign financial instruments 5,883 - Subtotal 5,883 - Investments in mutual funds Funds managed by related entities - 4,094 Funds managed by others - - Subtotal - 4,094 Total 77,041 485,736 As of December 31, 2018 and 2017, there were no trading investments sold under contracts to resell to clients or financial institutions. |
INVESTMENTS UNDER RESALE AGREEM
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS | 12 Months Ended |
Dec. 31, 2018 | |
Investments Under Resale Agreements And Obligations Under Repurchase Agreements | |
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS | NOTE 07 INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS a) Rights arising from resale agreements The Bank purchases financial instruments agreeing to resell them at a future date. As of December 31, 2018 and 2017, rights associated with instruments acquired under contracts to resell are as follows: As of December 31, 2018 2017 From 1 day and less than 3 months More than 3 months and less than 1 year More than 1 year Total From 1 day and less than 3 months More than 3 months and less than 1 year More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities from the Chilean Government and the Chilean Central Bank Chilean Central Bank Bonds - - - - - - - - Chilean Central Bank Notes - - - - - - - - Other securities from the Government and - - - - - - - - Subtotal - - - - - - - - Total - - - - - - - - b) Obligations arising from repurchase agreements The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2018 and 2017, obligations related to instruments sold under repurchase agreements are as follows: As of December 31, 2018 2017 From 1 day to less than 3 months More than 3 months and less than 1 year More than 1 year Total From 1 day to less than 3 months More than 3 months and less than 1 year More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities from Chilean Government and the Chilean Central Bank: Chilean Central Bank Bonds 48,307 - - 48,307 - - - - Chilean Central Bank Notes - - - - - - - - Other securities from the Government and the Chilean Central Bank 110 - - 110 241,995 - - 241,995 Subtotal 48,417 - - 48,417 241,995 - - 241,995 Instruments from other domestic institutions: 128 - - 128 Time deposits in Chilean financial institutions 1,118 38 - 1,156 Subtotal 128 - - 128 1,118 38 - 1,156 Instruments from other foreign institutions: Securities from Government or foreign Central Banks - - - - 24,910 - - 24,910 Subtotal - - - - 24,910 - - 24,910 Total 48,545 - - 48,545 268,023 38 - 268,061 c) Below is the detail by portfolio of collateral associated with repurchase agreements as of December 31, 2018 and 2017, valued at fair value: As of December 31, 2018 2017 Available for sale portfolio Trading portfolio Total Available for sale portfolio Trading portfolio Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities: Chilean Central Bank Bonds 49,040 - 49,040 - - - Chilean Central Bank Notes - - - - - - Other securities from the Government and the Chilean Central Bank 109 - 109 241,995 - 241,995 Subtotal 49,149 - 49,149 241,995 - 241,995 Other Chilean securities: Time deposits in Chilean financial institutions 132 - 132 1,156 - 1,156 Subtotal 132 - 132 1,156 - 1,156 Instruments from other foreign institutions: Securities from Government or foreign Central Banks - - - 24,910 - 24,910 Subtotal - - - 24,910 - 24,910 Total 49,281 - 49,281 268,061 - 268,061 |
DERIVATIVE FINANCIAL INSTRUMENT
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Financial Instruments And Hedge Accounting | |
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING | NOTE 08 DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING a) As of December 31, 2018 and 2017 the Bank holds the following portfolio of derivative instruments: As of December 31, 2018 Notional amount Fair value Up to 3 Months More than 3 months to 1 year More than 1 year Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fair value hedge derivatives Interest rate swaps 80,000 491,600 1,191,012 1,762,612 14,789 9,188 Cross currency swaps - 1,276,909 6,706,197 7,983,106 96,357 36,708 Subtotal 80,000 1,768,509 7,897,209 9,745,718 111,146 45,896 Cash flow hedge derivatives Currency forwards 205,750 168,151 - 373,901 - 8,013 Cross currency swaps 1,920,900 1,970,412 9,191,209 13,082,521 79,859 32,712 Subtotal 2,126,650 2,138,563 9,191,209 13,456,422 79,859 40,725 Trading derivatives Currency forwards 15,301,943 13,080,875 6,062,183 34,445,001 613,063 466,741 Interest rate swaps 12,024,095 22,064,681 69,453,618 103,542,394 723,870 577,835 Cross currency swaps 2,173,111 8,853,306 68,976,339 80,002,756 1,568,365 1,385,314 Call currency options 26,731 60,235 57,579 144,545 4,332 854 Call interest rate options - - - - - - Put currency options 23,411 50,445 56,392 130,248 - 363 Other derivatives - - - - - - Subtotal 29,549,291 44,109,542 144,606,111 218,264,944 2.909.630 2.431.107 Total 31,755,941 48,016,614 161,694,529 241,467,084 3,100,635 2,517,728 As of December 31, 2017 Notional amount Fair value Up to 3 months More than 3 months to 1 year More than 1 year Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fair value hedge derivatives Interest rate swaps - 162,985 1,554,171 1,717,156 23,003 1,424 Cross currency swaps - 715,701 5,362,772 6,078,473 15,085 65,724 Subtotal - 878,686 6,916,943 7,795,629 38,088 67,148 Cash flow hedge derivatives Currency forwards 801,093 218,982 - 1,020,075 39,233 59 Cross currency swaps 421,428 1,637,604 6,672,566 8,731,598 36,403 128,355 Subtotal 1,222,521 1,856,586 6,672,566 9,751,673 75,636 128,414 Trading derivatives Currency forwards 17,976,683 10,679,327 3,091,393 31,747,403 412,994 502,555 Interest rate swaps 9,069,964 14,389,389 46,342,779 69,802,132 467,188 392,366 Cross currency swaps 2,963,641 7,503,144 47,111,371 57,578,156 1,241,632 1,042,120 Call currency options 190,386 37,099 49,853 277,338 1,322 1,950 Call interest rate options - - - - - - Put currency options 192,722 28,616 50,470 271,808 1,787 4,935 Other derivatives - - - - - - Subtotal 30,393,396 32,637,575 96,645,866 159,676,837 2,124,923 1,943,926 Total 31,615,917 35,372,847 110,235,375 177,224,139 2,238,647 2,139,488 b) Hedge accounting Fair value hedge: The Bank uses cross-currency swaps and interest rate swaps to hedge its exposure to changes in fair value of hedged items attributable to interest rates. The aforementioned hedging instruments change the effective cost of long-term issuances from a fixed interest rate to a variable interest rate. Below is a detail of the hedged elements and hedge instruments under fair value hedges as of December 31, 2018 and 2017, classified by term to maturity: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable at amortised cost Endorsable mortgage mutual loans 653,872 1,272,382 276,590 603,818 2,806,662 Debt instruments at FVOCI Yankee bonds - - - 172,072 172,072 Mortgage financing bonds - - 3,779 - 3,779 Treasury bonds (BTP) - - - 174,440 174,440 Chilean Treasury bonds - 304,818 - 220,041 524,859 Chilean Central Bank bonds - 449,730 - - 449,730 Time deposits and other time liabilities Time deposits 321,600 - - 164,413 486,013 Issued debt instruments Senior bonds 708,624 1,117,779 1,298,470 2,003,289 5,128,162 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 Hedging instrument Cross currency swaps 1,112,496 2,794,709 1,228,839 2,847,061 7,983,105 Interest rate swaps 571,600 350,000 350,000 491,012 1,762,612 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable from customers Endorsable mortgage mutual loans 587,412 801,230 106,910 - 1,495,552 Available for sale investments Yankee bonds - - 6,169 64,769 70,938 Mortgage financing bonds - - 4,738 - 4,738 Treasury bonds (BTP) - - - 129,539 129,539 Chilean Treasury bonds - 21,377 762,727 - 784,104 Chilean Central Bank bonds (BCP) 128,289 218,640 443,357 - 790,286 Time deposits and other time liabilities Time deposits 137,985 - - - 137,985 Issued debt instruments Senior bonds 25,000 1,399,686 670,488 2,287,313 4,382,487 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 Hedging instrument Cross currency swaps 715,701 1,512,238 1,813,221 2,037,313 6,078,473 Interest rate swaps 162,985 928,695 181,168 444,308 1,717,156 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 Cash flow hedges The Bank uses cross currency swaps to hedge the risk from variability of cash flows attributable to changes in the interest rates of bonds and interbank loans at a variable rate. To cover the inflation risk in some items, both forwards as well as currency swaps are used. Below is the notional amount of the hedged items as of December 31, 2018 and 2017, and the period when the cash flows will be generated: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable at amortised cost Mortgage loans 1,890,696 3,026,824 1,459,389 2,467,090 8,843,999 Commercial loans 39,809 69,776 - - 109,585 Debt instruments at FVOCI Yankee bond - - - - - Chilean Central Bank bonds - - 246,306 246,306 Time deposits - - 166,628 - 166,628 Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) - 666,823 - - 666,823 Senior bonds (fixed rate) 456,478 203,594 450,835 503,721 1,614,628 Interbank borrowings Interbank loans 1,764,348 - - - 1,764,348 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 Hedging instrument Cross currency swaps 3,891,311 3,853,136 2,323,158 2,970,811 13,038,416 Currency forwards 260,020 113,881 - - 373,901 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Mortgage loans 1,153,348 583,061 1,335,141 2,353,871 5,425,421 Commercial loans 644,608 - - - 644,608 Available for sale investments Yankee bond - - 25,290 132,572 157,862 Chilean Central Bank bonds - - 242,819 - 242,819 Time deposits - - - - - Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) 120,520 647,550 302,454 - 1,070,524 Senior bonds (fixed rate) 241,183 121,619 224,401 300,874 888,077 Interbank borrowings Interbank loans 919,448 402,914 - - 1,322,362 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 Hedging instrument Cross currency swaps 2,059,032 1,755,144 2,130,105 2,787,317 8,731,598 Currency forwards 1,020,075 - - - 1,020,075 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 Below is an estimate of the periods in which cash flows are expected to be produced: b.1 Forecasted cash flows for interest rate risk: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Inflows 76,736 35,994 3,062 2,401 118,193 Outflows (125,747) (46,372) (13,311) (4,701) (190,131) Net flows (49,011) (10,378) (10,249) (2,300) (71,938) Hedging instrument Inflows 125,747 46,372 13,311 4,701 190,131 Outflows (*) (76,736) (35,994) (3,062) (2,401) (118,193) Net flows 49,011 10,378 10,249 2,300 71,938 (*)Only includes cash flow forecast portion of the hedge instruments used to cover interest rate risk. As of December 31, 2017 Within 1 year Between 1 and 3 years etween 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Inflows 308,737 60,515 13,780 2,594 385,626 Outflows (60,733) (43,507) (7,757) (878) (112,875) Net flows 248,004 17,008 6,023 1,716 272,751 Hedging instrument Inflows 60,733 43,507 7,757 878 112,875 Outflows (*) (308,737) (60,515) (13,780) (2,594) (385,626) Net flows (248,004) (17,008) (6,023) (1,716) (272,751) (*)Only includes cash flow forecast portion of the hedge instruments used to cover interest rate risk. b.2 Forecasted cash flows for inflation risk: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Inflows 37,086 73,576 166,516 310,293 587,471 Outflows (14,036) - - - (14,036) Net flows 23,050 73,576 166,516 310,293 573,435 Hedging instrument Inflows 14,036 - - - 14,036 Outflows (37,086) (73,576) (166,516) (310,293) (587,471) Net flows (23,050) (73,576) (166,516) (310,293) (573,435) As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Inflows 20,300 29,008 103,544 286,471 439,323 Outflows (1,645) - - - (1,645) Net flows 18,655 29,008 103,544 286,471 437,678 Hedging instrument Inflows 1,645 - - - 1,645 Outflows (20,300) (29,008) (103,544) (286,471) (439,323) Net flows (18,655) (29,008) (103,544) (286,471) (437,678) b.3 Forecasted cash flows for exchange rate risk: As of December 31, 2018 and 2017 the Bank has no forecasted cash flows for exchange rate risk. c) The accumulated effect of the mark to market adjustment of cash flow hedges produced by hedge instruments used in hedged cash flow was recorded in the Consolidated Statements of Changes in Equity, specifically within Other comprehensive income, as of December 31, 2018 and 2017, is as follows: As of December 31, Hedged item 2018 2017 MCh$ MCh$ Interbank loans 309 (4,779) Time deposits and other time liabilities - - Issued debt instruments (10,893) (8,683) Available for sale investments - (364) Loans and accounts receivable from customers - 10,264 Debt instruments at FVOCI (1,392) - Loans and accounts receivable at amortised cost 21,779 - Net flows 9,803 (3,562) Since the inflows and outflows for both the hedged element and the hedging instrument mirror each other, the hedges are nearly 100% effective, which means that the fluctuations of fair value attributable to risk components are almost completely offset. As of December 31, 2018 and 2017 the Bank recorded ineffectiveness for an amount of Ch$2,912 million and Ch$1,187 million, respectively During the year, the Bank did not enter into any cash flow hedges relating to forecasted transactions. d) Below is a presentation of income generated by cash flow hedges amount that were reclassified from other comprehensive income to income for the year: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Bond hedging derivatives - - (77) Interbank loans hedging derivatives (683) - - Cash flow hedge net gain (loss) (683) - (77) See Note 25 - Equity, letter e) e) Net investment hedges in foreign operations: As of December 31, 2018 and 2017, the Bank does not have any foreign net investment hedges in its hedge accounting portfolio. |
LOANS AND ACCOUNT RECEIVABLE AT
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 | 12 Months Ended |
Dec. 31, 2018 | |
Loans And Account Receivable At Amortised Cost - Under Ifrs 9 | |
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 | NOTE 09 LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST – under IFRS 9 As of December 31, 2018 the composition of the loan portfolio is as follows: As of December 31, 2018 Assets before allowances ECL allowance Net Assets Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Interbank loans 15,093 - - 15,093 10 - - 10 15,083 Commercial loans 9,684,451 841,123 608,192 11,133,766 52,782 41,954 274,050 368,786 10,764,980 Foreign trade loans 1,646,337 56,295 49,805 1,752,437 5,466 735 33,716 39,917 1,712,520 Checking accounts debtors 183,290 16,452 15,420 215,162 2,108 467 11,209 13,784 201,378 Factoring transactions 370,391 6,005 4,587 380,983 829 91 3,433 4,353 376,630 Student loans 64,381 6,049 9,486 79,916 2,705 2,170 6,315 11,190 68,726 Leasing transactions 1,225,755 169,196 48,773 1,443,724 7,236 9,033 22,531 38,800 1,404,924 Other loans and account receivable 123,108 5,135 36,820 165,063 2,594 1,190 26,178 29,962 135,101 Subtotal 13,312,806 1,100,255 773,083 15,186,144 73,730 55,640 377,432 506,802 14,679,342 Mortgage loans Loans with mortgage finance bonds 15,261 1,241 924 17,426 20 40 117 177 17,249 Endorsable mortgage mutual loans 101,074 3,454 4,008 108,536 87 126 592 805 107,731 Other mortgage mutual loans 9,142,627 442,801 439,591 10,025,019 8,899 14,936 66,453 90,288 9,934,731 Subtotal 9,258,962 447,496 444,523 10,150,981 9,006 15,102 67,162 91,270 10,059,711 Consumer loans Installment consumer loans 2,693,260 231,107 265,303 3,189,670 50,748 48,622 148,017 247,387 2,942,283 Credit card balances 1,385,783 14,977 16,392 1,417,152 15,087 4,961 8,740 28,788 1,388,364 Leasing transactions 3,974 133 50 4,157 83 22 22 127 4,030 Other consumer loans 258,723 2,822 3,765 265,310 4,986 767 2,287 8,040 257,720 Subtotal 4,341,740 249,039 285,510 4,876,289 70,904 54,372 159,066 284,342 4,591,947 Total 26,913,508 1,796,790 1,503,116 30,213,414 153,640 125,114 603,660 882,414 29,331,001 a. Commercial loans An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Individual Collective Individual Collective Individual Collective Gross carrying amount at January 1, 2018 8,899,468 3,338,916 630,515 208,018 372,744 350,747 13,800,408 Transfers Transfers to stage 2 (225,062) (53,020) 225,062 53,020 - - - Transfers to stage 3 (16,654) (67,886) - - 16,654 67,886 - Transfers to stage 3 - - (59,688) (40,853) 59,688 40,853 - Transfers to stage 1 13,199 52,755 (13,199) (52,755) - - Transfers to stage 2 - - 4,451 36,247 (4,451) (36,247) - Transfers to stage 1 - 718 - - (718) - Net changes on financial assets 1,497,618 708,531 138,436 48,323 4,240 70,848 2,467,996 Writte-off - - - - (53,921) (74,430) (128,351) Foreign Exchange adjustments (472,732) (363,045) (57,794) (19,528) (8,025) (32,785) (953,909) At 31 December 2018 9,695,837 3,616,969 867,783 232,472 386,929 386,154 15,186,144 Stage 1 Stage 2 Stage 3 TOTAL Individual Collective Individual Collective Individual Collective ECL allowance at January 1, 2018 29,797 50,014 28,282 23,041 191,397 160,182 482,713 Transfers Transfers to stage 2 (2,719) (1,525) 8,005 8,169 - - 11,930 Transfers to stage 3 (241) (2,697) - - 6,612 29,839 33,513 Transfers to stage 3 - - (5,541) (6,776) 22,705 17,475 27,863 Transfers to stage 1 167 553 (411) (3,402) - (3,093) Transfers to stage 2 - 330 1,854 (1,704) (6,776) (6,296) Transfers to stage 1 - 22 - - - (72) (50) Net changes of the exposure and modifications in the credit risk 4,105 3,770 2,740 2,855 1,251 29,253 43,974 Writte-off - - - (37,439) (58,510) (95,949) Foreign Exchange adjustments (920) (6,696) (2,339) (1,167) 15,293 7,926 12,197 At 31 December 2018 30,189 43,541 31,066 24,574 198,115 179,317 506,802 b. Mortgage loans An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 8,191,229 469,349 436,317 9,096,895 Transfers Transfers to stage 2 (87,473) 87,473 - - Transfers to stage 3 (64,949) - 64,949 - Transfers to stage 3 - (54,488) 54,488 - Transfers to stage 1 162,432 (162,432) - - Transfers to stage 2 - 79,159 (79,159) - Transfers to stage 1 2,612 - (2,612) - Net changes on financial assets 1,226,259 34,653 10,215 1,271,127 Writte-off - - (31,664) (31,664) Foreign Exchange adjustments (171,148) (6,218) (8,011) (185,377) At 31 December 2018 9,258,962 447,496 444,523 10,150,981 Stage 1 Stage 2 Stage 3 TOTAL Collective Collective Collective ECL allowance at January 1, 2018 14,602 20,227 73,190 108,019 Transfers Transfers to stage 2 (516) 3,846 - 3,330 Transfers to stage 3 (383) - 9,060 8,677 Transfers to stage 3 - (2,518) 8,056 5,538 Transfers to stage 1 263 (6,255) - (5,992) Transfers to stage 2 - 2,296 (10,185) (7,889) Transfers to stage 1 91 - (232) (141) Net changes of the exposure and modifications in the credit risk 1,601 575 (1,784) 392 Writte-off - - (13,548) (13,548) Foreign Exchange adjustments (6,652) (3,069) 2,605 (7,116) At 31 December 2018 9,006 15,102 67,162 91,270 c. Consumer loans An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 3,978,393 257,580 321,719 4,557,692 Transfers Transfers to stage 2 (46,936) 46,936 - Transfers to stage 3 (33,161) 33,161 - Transfers to stage 3 - (19,327) 19,327 - Transfers to stage 1 29,777 (29,777) - - Transfers to stage 2 - 17,988 (17,988) - Transfers to stage 1 37 - (37) - Net changes on financial assets 766,069 1,063 76,398 843,530 Writte-off - - (115,933) (115,933) Foreign Exchange adjustments (352,439) (25,424) (31,137) (409,000) At 31 December 2018 4,341,740 249,039 285,510 4,876,289 Stage 1 Stage 2 Stage 3 TOTAL Collective Collective Collective ECL allowance at January 1, 2018 72,712 54,557 170,090 297,359 Transfers Transfers to stage 2 (2,117) 14,655 - 12,538 Transfers to stage 3 (1,431) - 16,311 14,880 Transfers to stage 3 - (3,913) 10,721 6,808 Transfers to stage 1 1,320 (4,890) - (3,570) Transfers to stage 2 - 2,943 (9,107) (6,164) Transfers to stage 1 6 - (18) (12) Net changes of the exposure and modifications in the credit risk 3,782 (8,572) 42,194 37,404 Writte-off - - (64,506) (64,506) Foreign Exchange adjustments (3,368) (408) (6,619) (10,395) At 31 December 2018 70,904 54,372 159,066 284,342 |
LOANS AND ACCOUNT RECEIVABLE _2
LOANS AND ACCOUNT RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - under IFRS 9 | 12 Months Ended |
Dec. 31, 2018 | |
Loans And Account Receivable At Fair Value Through Other Comprehensive Income - Under Ifrs 9 | |
LOANS AND ACCOUNT RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - under IFRS 9 | NOTE 10 LOANS AND ACCOUNT RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - under IFRS 9 The Bank has decided to classify a portfolio at fair value through other comprehensive income (FVOCI) related to loans and account receivable with its major customer, when they request a credit operation which exceeds single client exposure under the Bank’s credit risk policy. The risk committe approved the operation with the condition to sold a portion of the loan in the medium term, and meanwhile the Bank is looking for a buyer the portion is classified into this category. Additionally, the Bank includes operations which are expecting to sell or maintain, depending if market conditions are favourable, these loans are classified into this category acording to management business model. These portfolio is initially measured at amortised cost and afterward is adjusted at fair value, recognising the adjustment in other comprehensive income, while the Bank do not sell the loan. The portfolio is assessed for impairment loss under the new ECL model, same as loans at amortised cost. An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Individual Individual Individual Gross carrying amount at January 1, 2018 107,998 - - 107,998 Transfers Transfers to stage 2 (6,697) 6,697 - - Transfers to stage 3 - - - - Transfers to stage 3 - - - - Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 1 - - - - Net changes on financial assets (40,754) (1,821) - (42,575) Writte-off - - - - Foreign Exchange adjustments 3,198 73 - 3,271 At 31 December 2018 63,745 4,949 - 68, 694 Stage 1 Stage 2 Stage 3 TOTAL Individual Individual Individual ECL allowance at January 1, 2018 97 - - 97 Transfers Transfers to stage 2 (17) 26 - 9 Transfers to stage 3 - - - - Transfers to stage 3 - - - - Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 1 - - - - Net changes of the exposure and modifications in the credit risk 8 (8) - - Writte-off - - - - Foreign Exchange adjustments - - - - At 31 December 2018 88 18 - 106 |
LOANS AND ACCOUNTS RECEIVABLE F
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) | 12 Months Ended |
Dec. 31, 2018 | |
Loans And Accounts Receivable From Customers And Interbank Loans | |
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) | NOTE 11 LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) a. Loans and account receivable from customers As of December 31, 2017 Assets before allowances Allowances established Normal portfolio Impaired portfolio Total Individual allowances Group allowances Total Assets net balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Commercial loans 9,244,460 746,196 9,990,656 133,254 168,736 301,990 9,688,666 Foreign trade loans 1,506,359 68,154 1,574,513 49,026 1,444 50,470 1,524,043 Checking accounts debtors 179,982 15,714 195,696 2,726 11,740 14,466 181,230 Factoring transactions 444,644 5,246 449,890 4,788 1,207 5,995 443,895 Student loans 77,226 11,064 88,290 - 5,922 5,922 82,368 Leasing transactions 1,335,653 121,351 1,457,004 17,529 12,793 30,322 1,426,682 Other loans and account receivable 106,815 45,778 152,593 11,467 17,231 28,698 123,895 Subtotal 12,895,139 1,013,503 13,908,642 218,790 219,073 437,863 13,470,779 Mortgage loans Loans with mortgage finance bonds 22,620 1,440 24,060 - 123 123 23,937 Endorsable mortgage mutual loans 110,659 4,419 115,078 - 594 594 114,484 Other mortgage mutual loans 8,501,072 456,685 8,957,757 - 68,349 68,349 8,889,408 Subtotal 8,634,351 462,544 9,096,895 - 69,066 69,066 9,027,829 Consumer loans Installment consumer loans 2,613,041 297,701 2,910,742 - 240,962 240,962 2,669,780 Credit card balances 1,341,098 23,882 1,364,980 - 33,401 33,401 1,331,579 Leasing transactions 4,638 77 4,715 - 62 62 4,653 Other consumer loans 271,789 5,466 277,255 - 9,331 9,331 267,924 Subtotal 4,230,566 327,126 4,557,692 - 283,756 283,756 4,273,936 Total 25,760,056 1,803,173 27,563,229 218,790 571,895 790,685 26,772,544 b. Interbank loans As of December 31, 2017 balances of Interbank loans is as follows: MCh$ Domestic banks Interbank loans - Other domestic bank loans - Foreign interbank loans Interbank loans- foreign 162,685 Provisions and impairment for foreign bank loans (472) Total 162,213 The provisions and impairment as od December 31, 2017 is shown below: Domestic banks Foreign banks Total MCh$ MCh$ MCh$ Balance as of January 1, 2017 - 4,135 4,135 Provisions established 251 56 307 Provisions released (251) (3,719) (3,970) Total - 472 472 c. Portfolio characteristics As of December 31, 2017, the portfolio before allowance by customer’s economic activity is as follows: Domestic loans Foreign interbank loans Total loans Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,218,232 1,218,232 4.39 Mining 302,037 - 302,037 1.09 Electricity, gas, and water 336,048 - 336,048 1.21 Agriculture and livestock 1,114,597 - 1,114,597 4.02 Forest 98,941 - 98,941 0.36 Fishing 215,994 - 215,994 0.78 Transport 697,948 - 697,948 2.52 Communications 168,744 - 168,744 0.61 Construction 1,977,417 - 1,977,417 7.13 Commerce 3,131,870 162,685 3,294,555 11.88 Services 467,747 - 467,747 1.69 Other 4,179,067 - 4,179,067 15.07 - Subtotal 13,908,642 162,685 14,071,327 50.75 Mortgage loans 9,096,895 9,096,895 32.81 - Consumer loans 4,557,692 4,557,692 16.43 - Total 27,563,229 162,685 27,725,914 100.00 d. Impaired Portfolio i) As of December 31, 2017 the impaired portfolio is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Individual impaired portfolio 427,890 - - 427,890 Non-performing loans (1) (collectively evaluated) 368,522 161,768 103,171 633,461 Other impaired portfolio 217,091 300,776 223,955 741,822 Total 1,013,503 462,544 327,126 1,803,173 (1) Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. ii) The impaired portfolio with or without guarantee as of December 31, 2017 is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Secured debt 582,557 413,716 34,260 1,030,533 Unsecured debt 430,946 48,828 292,866 772,640 Total 1,013,503 462,544 327,126 1,803,173 iii) The portfolio of non-performing loans with or without guarantee, as of December 31, 2017 is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Secured debt 167,909 141,413 8,896 318,218 Unsecured debt 200,613 20,355 94,275 315,243 Total 368,522 161,768 103,171 633,461 iv) The portfolio of non-performing portfolio as of December 31, 2017 is as follows: As of December31, 2017 Commercial Mortgage Consumer Total MM$ MM$ MM$ MM$ Non-performing >90 days 362,968 159,265 92,541 614,774 Non-performing <90 days 5,554 2,503 10,630 18,687 Total 368,522 161,768 103,171 633,461 e. Allowances The changes in allowance balances during 2018 and 2017 are as follows: Activity during 2017 Commercial loans Mortgage loans Consumer loans Total Individual Group Group Group MCh$ MCh$ MCh$ MCh$ MCh$ Balance as of January 1, 2017 246,336 183,106 57,009 300,019 786,470 Allowances established (1) 64,658 148,681 43,621 252,038 508,998 Allowances released (2) (55,925) (20,491) (11,427) (46,089) (133,932) Allowances released due to charge-off (3) (36,279) (92,223) (20,137) (222,212) (370,851) Balances as of December 31, 2017 218,790 219,073 69,066 283,756 790,685 (1) Represents gross allowances made in respect of increased risk of loss during the period and loan growth. (2) Represents the gross amount of loan loss allowances released during the year as a consequence of reduction in the level of risk existing in the loan portfolio, including as a result of improvement in the credit risk classification of borrowers and loans paid. (3) Represents the gross amount of loan loss allowances removed due to charge-off. f. Recoveries by type of loan For the years ended December 31, 2017 2016 MCh$ MCh$ Commercial loans 32,401 27,185 Consumer loans 39,972 41,072 Residential mortgage loans 10,942 10,041 Total 83,315 78,298 Recoveries of loans previously charged off are recognised as income in the line item “Provision for loans losses”. We only recognise as a recovery interest and/or principal paid in cash in connection with a loan that has already been charged-off in its entirety, Such recoveries do not have an impact on our allowance for loan losses as these recoveries are for loans that have been already charged-off and recognised as a loss in our income statements and are no longer on-balance sheet. g. Allowances established on customer and interbank loans The following chart shows the balance of allowances established, associated with credits granted to customers and banks: As of December 31, 2017 2016 MCh$ MCh$ Customers loans 508,998 526,293 Interbank loans 307 3,052 Total 509,305 529,345 h. Portfolio by its impaired and non-impaired status, As of December 31, 2017 Non-impaired Impaired Portfolio total Commercial Mortgage Consumer Total non impaired Commercial Mortgage Consumer Total impaired Commercial Mortgage Consumer Total portfolio MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current portfolio 12,737,508 8,357,733 4,012,489 25,107,730 449,895 158,770 110,184 718,849 13,187,403 8,516,503 4,122,673 25,826,579 Overdue for 1-29 days 103,908 180,294 132,136 416,338 110,834 74,072 46,283 231,189 214,742 254,366 178,419 647,527 Overdue for 30-89 days 53,723 96,324 85,941 235,988 89,806 70,437 78,118 238,361 143,529 166,761 164,059 474,349 Overdue for 90 days or more - - - - 362,968 159,265 92,541 614,774 362,968 159,265 92,541 614,774 Total portfolio before allowances 12,895,139 8,634,351 4,230,566 25,760,056 1,013,503 462,544 327,126 1,803,173 13,908,642 9,096,895 4,557,692 27,563,229 Overdue loans (less than 90 days) presented as portfolio percentage 1.22% 3.20% 5.15% 2.53% 19.80% 31.24% 38.03% 26.04% 2.58% 4.63% 7.51% 4.07% Overdue loans (90 days or more) presented as portfolio percentage, - - - - 35.81% 34.43% 28.29% 34.09% 2.61% 1.75% 2.03% 2.23% i. Reconciliation of overdue loans with non-performing loans. As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ Overdue loans 362,968 159,265 92,541 614,774 Loans with not overdue but classified as non-performing loans 5,554 2,503 10,630 18,687 Total 368,522 161,768 103,171 633,461 |
DEBT INSTRUMENTS AT FAIR VALUE
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 12 Months Ended |
Dec. 31, 2018 | |
Debt Instruments At Fair Value Through Other Comprehensive Income | |
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 12 DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME I. Debt instruments at fair value through other comprehensive income (FVOCI) - under IFRS 9 As of December 31, 2018 detail of debt instruments is as follows: As of December 31, 2018 2017 MCh$ MCh$ Chilean central bank and government securities Chilean central bank bonds 657,096 - Chilean central bank notes 56,719 - Other Chilean central bank and government securities 1,207,221 - Subtotal 1,921,036 - of which sold under repurchase agreement 16,109 - Other Chilean securities Time deposits in Chilean financial institutions 2,693 - Mortgage finance bonds of Chilean financial institutions 19,227 - Other instruments issued in the country 2,907 - Subtotal 24,827 - of which sold under repurchase agreement 32,436 - Foreign financial securities Foreign Central Banks and Government securities 280,622 - Other foreign financial securities 167,838 - Subtotal 448,460 - of which sold under repurchase agreement - - Total 2,394,323 - As of December 31, 2018 “Chilean central bank and government securities” guarantee derivatives transactions through Comder Contraparte Central S.A. in the local market for Ch$48,081, while “Foreign financial securities” guarantee derivatives transactions through London Clearing House (LCH) for Ch$58,892. Additionally, the Bank maintains guarantees with Euroclear for Ch$98,832 to comply with the initial margin required by European EMIR standard. As of December 31, 2018 fair value throgh OCI included a cumulative net unrealised income of Ch$6,424 million, recoded as “valuation adjustment” in OCI, of which Ch$5,114 million are attributable to shareholders and Ch$1,310 million to non-controlling interest. An analysis of changes in the fair value and the corresponding ECL is as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 2,574,546 - - 2,574,546 New assets purchased 5,037,857 - - 5,037,857 Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 3 - - - - Assets derecognised or matured (excluding write offs) (5,604,114) - - (5,604,114) Changes due to modifications not derecognised - - - - Writte-off - - - - Foreign Exchange adjustments 386,034 - - 386,034 At 31 December 2018 2,394,323 - - 2,394,323 Stage1 Stage2 Stage3 TOTAL Collective Collective Collective ECL at January 1, 2018 324 - - 324 New assets purchased 634 - - 634 Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 3 - - - - Assets derecognised or matured (excluding write offs) (705) - - (705) Changes due to modifications not derecognised - - - - Writte-off - - - - Foreign Exchange adjustments 5 - - 5 At 31 December 2018 258 - - 258 Gross profits and losses realized on the sale of available for sale investments as of December 31, 2018 is as follows: MCh$ Sale of available for sale investments generating realized profits 3,505,266 Realized profits 5,286 Sale of available for sale investments generating realized losses 709,371 Realized losses 6,788 II. Available for sale investments - under IAS 39 As of December 31, 2018 2017 MCh$ MCh$ Chilean central bank and government securities Chilean central bank bonds - 816,331 Chilean central bank notes - 330,952 Other Chilean central bank and government securities - 1,115,518 Subtotal - 2,262,801 Other Chilean securities Time deposits in Chilean financial institutions - 2,361 Mortgage finance bonds of Chilean financial institutions - 22,312 Other instruments issued in the country - 3,000 Subtotal - 27,673 Foreign financial securities Foreign Central Banks and Government securities - 132,822 Other foreign financial securities - 151,250 Subtotal - 284,072 Total - 2,574,546 As of December 31, 2017, the line item Chilean central bank and government securities As of December 31, 2017, the line item Other Chilean securities As of December 31, 2017, the line item Foreign financial securities As of December 31, 2017 available for sale investments included a cumulative net unrealized income of Ch$1,855 million, recorded as a “Valuation adjustment” in other comprenhensive income, distributed between Ch$459 million attributable to the shareholders of the Bank and Ch$1,396 million attributable to non-controlling interest. Gross profits and losses realized on the sale of available for sale investments as of December 31, 2017 and 2016, are as follows: For the years ended December 31, 2017 2016 MCh$ MCh$ Sale of available for sale investments generating realized profits 6,469,344 6,522,549 Realized profits 4,867 12,333 Sale of available for sale investments generating realized losses 466,732 346,906 Realized losses 3 132 The Bank evaluated those instruments with unrealized losses as of December 31, 2017 and 2016 and concluded they were not impaired. This review consisted of evaluating the economic reasons for any declines, the credit ratings of the securities’ issuers, and the Bank’s intention and ability to hold the securities until the unrealized loss is recovered. Based on this analysis, the Bank believes that there were no significant or prolonged declines nor changes in credit risk which would cause impairment in its investment portfolio, since most of the decline in fair value of these instruments was caused by market conditions which the Bank considers to be temporary. All of the instruments that have unrealized losses as of December 31, 2017 and 2016, were not in a continuous unrealized loss position for more than one year. The following charts show the available for sale investments cumulative unrealized profit and loss, as of December 31, 2017: Less than 12 months More than 12 months Total Acquisition cost Fair value Unrealized profit Unrealized loss Acquisition cost Fair value Unrealized profit Unrealized loss Acquisition cost Fair value Unrealized profit Unrealized loss MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean central bank and government securities Chilean central bank Bonds 816,164 816,331 5,513 (5,346) - - - - 816,164 816,331 5,513 (5,346) Chilean central bank notes 330,923 330,952 30 (1) - - - - 330,923 330,952 30 (1) Other Chilean central bank and government securities 1,117,447 1,115,518 2,960 (4,888) - - - - 1,117,447 1,115,518 2,960 (4,888) Subtotal 2,264,534 2,262,801 8,503 (10,235) - - - - 2,264,534 2,262,801 8,503 (10,235) Other Chilean securities Time deposits in Chilean financial institutions 2,361 2,361 - - - - - - 2,361 2,361 - - Mortgage finance bonds of Chilean financial institutions 21,867 22,312 445 - - - - - 21,867 22,312 445 - Chilean financial institution bonds - - - - - - - - - - - - Chilean corporate bonds - - - - - - - - - - - - Other Chilean securities 220 3,000 2,780 - - - - - 220 3,000 2,780 - Subtotal 24,448 27,673 3,225 - - - - - 24,448 27,673 3,225 - Foreign financial securities Foreign central banks and government securities 133,301 132,822 847 (1,326) - - - - 133,301 132,822 847 (1,326) Other foreign financial securities 150,408 151,250 1,097 (256) - - - - 150,408 151,250 1,097 (256) Subtotal 283,709 284,072 1,944 (1,582) - - - - 283,709 284,072 1,944 (1,582) Total 2,572,691 2,574,546 13,672 (11,817) - - - - 2,572,691 2,574,546 13,672 (11,817) |
INVESTMENTS IN ASSOCIATES AND O
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES | 12 Months Ended |
Dec. 31, 2018 | |
Investments In Associates And Other Companies | |
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES | NOTE 13 INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES a) Investments in associates and other, are shown in the following table: Investment Ownership interest As of December 31 Investment value As of December 31, Profit and loss As of December 31, 2018 % 2017 % 2016 % 2018 MCh$ 2017 MCh$ 2018 MCh$ 2017 MCh$ 2016 MCh$ Company Redbanc S.A. 33.43 33.43 33.43 2,822 2,537 285 353 373 Transbank S.A. 25.00 25.00 25.00 17,651 14,534 3,118 2,024 1,302 Centro de Compensación Automatizado 33.33 33.33 33.33 1,894 1,589 305 236 248 Sociedad Interbancaria de Depósito de Valores S.A. 29.29 29.29 29.29 1,233 1,087 223 235 195 Cámara de Compensación de Alto Valor S.A. (1,2,3) 15.00 15.00 14.93 945 909 58 66 98 Administrador Financiero del Transantiago S.A. 20.00 20.00 20.00 3,680 3,098 582 317 230 Sociedad Nexus S.A. 12.90 12.90 12.90 2,279 1,911 368 442 247 Servicios de Infraestructura de Mercado OTC S.A.(1&2) 12.48 12.48 12.07 1,491 1,489 57 115 132 Subtotal 31,995 27,154 4,996 3,788 2,825 Shares or rights in other companies (*) Bladex - 136 19 25 26 Stock Exchanges - 287 148 150 161 Others 8 8 (68) - - Total 32,003 27,585 5,095 3,963 3,012 (1) During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Servicios de Infraestructura de Mercado OTC S.A”, the Bank’s share in those companies increased to 14.84% and 11.93% respectively. (2) During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Market infrastructure services OTC S,A”, the Bank’s share in those companies increased to 14.93% and 12.07% respectively. (3) In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA”, the Bank’s share increased to 15.00%. As described in Note 1 g), the Bank has irrevocably designated its shares in Bladex and Stock exchange at fair value through other comprehensive income (FVOCI) Related dividends are recognised in the income statements under "Income from investments in associates and other companies". The fair value of these equity investments is as follows: December 31, 2018 MCh$ Bladex 329 Stock exchange 154 Total 483 b) As of December 31, 2018 2017 2016 Net income Net income Net income Assets Liabilities Equity Assets Liabilities Equity Assets Liabilities Equity MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Centro de Compensación Automatizado S,A, 7,073 1,480 4,677 916 6,871 2,174 3,989 708 5,508 1,523 3,241 744 Redbanc S,A, 20,825 12,469 7,505 851 21,235 13,751 6,428 1,056 19,927 13,505 5,307 1,115 Transbank S,A, 904,558 835,200 56,888 12,470 822,487 765,683 48,709 8,095 710,475 660,957 44,309 5,209 Sociedad Interbancaria de Depósito de Valores S,A, 4,392 230 3,400 762 3,720 60 2,858 802 3,204 103 2,435 666 Sociedad Nexus S,A, 35 18 14 3 32,669 18,888 10,354 3,427 30,038 19,229 8,898 1,911 Servicios de Infraestructura de Mercado OTC S,A, 25,273 13,313 11,506 454 17,913 6,414 10,963 536 29,258 18,258 9,906 1,094 Administrador Financiero del Transantiago S,A, 55,818 37,419 15,490 2,909 51,304 35,814 13,907 1,583 54,253 40,345 12,758 1,150 Cámara de Compensación de Alto Valor S,A, 6,728 622 5,722 384 6,338 500 5,399 439 6,099 627 4,815 657 Total 1,024,702 900,751 105,202 18,749 962,537 843,284 102,607 16,646 858,762 754,547 91,669 12,546 c) There are no significant restrictions regarding the capacity of associates to transfer funds, whether in cash dividends, refund of loans, or advance payments to the Bank. d) As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Opening balance as of January 1, 27,585 23,780 20,309 Acquisition of investments (*) - 3 1,123 Sale of investments - - - Participation in income 5,095 3,963 3,012 Dividends received (38) (116) (217) Other equity adjustments (639) (45) (447) Total 32,003 27,585 23,780 (*) See reference, part a) of this note. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2018 | |
Intangible Assets | |
INTANGIBLE ASSETS | NOTE 14 INTANGIBLE ASSETS a. As of December 31, 2018 and 2017, the composition of intangible assets is as follows: As of December 31, 2018 Years of useful life Average remaining useful life Net opening balance as of January 1, 2018 Gross balance Accumulated amortization Net balance MCh$ MCh$ MCh$ MCh$ Licenses 3 1 1,200 10,932 (9,956) 976 Software development 3 2 62,019 342,112 (276,165) 65,947 Total 63,219 353,044 (286,121) 66,923 As of December 31, 2017 Years of useful life Average remaining useful life Net opening balance as of January 1, 2017 Gross balance Accumulated amortization Net balance MCh$ MCh$ MCh$ MCh$ Licenses 3 1 1,656 10,932 (9,732) 1,200 Software development 3 2 56,429 314,115 (252,096) 62,019 Total 58,085 325,047 (261,828) 63,219 b. The changes in the value of intangible assets during the periods ended December 31, 2018 and December 31, 2017 is as follows: b.1 Gross balances Licenses Software development Total MCh$ MCh$ MCh$ Balances as of January 1, 2018 10,932 314,115 325,047 Acquisitions - 29,563 29,563 Disposals and impairment - - - Other - (1,566) (1,566) Balances as of December 31, 2018 10,932 342,112 353,044 Balances as of January 1, 2017 10,932 286,781 297,713 Acquisitions - 32,624 32,624 Disposals and impairment - (5,290) (5,290) Other - - - Balances as of December 31, 2017 10,932 314,115 325,047 b.2 Accumulated amortization Accumulated amortization Licenses Software development Total MCh$ MCh$ MCh$ Balances as of January 1, 2018 (9,732) (252,096) (261,828) Year’s amortization (224) (24,069) (24,293) Other changes - - - Balances as of December 31, 2018 (9,956) (276,165) (286,121) Balances as of January 1, 2017 (9,276) (230,352) (239,628) Year’s amortization (456) (21,744) (22,200) Other changes - - - Balances as of December 31, 2017 (9,732) (252,096) (261,828) c. The Bank has no restriction on intangible assets as of December 31, 2018 and 2017. Additionally, the intangibles assets have not been pledged as guarantee for fulfillment of financial liabilities, Also, the Bank has no debt related to Intangible assets as of those dates. |
PROPERTY, PLANT, AND EQUIPMENT
PROPERTY, PLANT, AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2018 | |
Property, plant and equipment [abstract] | |
PROPERTY, PLANT, AND EQUIPMENT | NOTE 15 PROPERTY, PLANT, AND EQUIPMENT a. As of December 31, 2018 and 2017, the composition of property, plant, and equipment balances are composed as follows: As of December 31, 2018 Net opening balance as of January 1, 2018 Gross balance Accumulated depreciation Net balance MCh$ MCh$ MCh$ MCh$ Land and buildings 159,352 309,385 (132,428) 176,957 Equipment 63,516 217,958 (159,756) 58,202 Ceded under operating leases 4,221 4,888 (667) 4,221 Other 15,458 67,197 (52,991) 14,206 Total 242,547 599,428 (345,842) 253,586 As of December 31, 2017 Net opening balance as of January 1, 2017 Gross balance Accumulated depreciation Net balance MCh$ MCh$ MCh$ MCh$ Land and buildings 169,809 274,079 (114,727) 159,352 Equipment 66,506 193,689 (130,173) 63,516 Ceded under operating leases 4,230 4,888 (667) 4,221 Other 16,834 60,822 (45,364) 15,458 Total 257,379 533,478 (290,931) 242,547 b. The changes in the value of property, plant, and equipment as of December 31, 2018 and 2017 is as follows: b.1 2018 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 274,079 193,689 4,888 60,823 533,479 Additions 35,369 28,438 - 4,522 68,329 Disposals (63) (4,130) - (2,104) (6,297) Impairment due to damage - (39) - - (39) Other - - - 3,956 3,956 Balances as of December 31, 2018 309,385 217,958 4,888 67,197 599,428 2017 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 264,016 168,124 4,888 55,973 493,001 Additions 27,592 26,278 - 4,902 58,772 Disposals (17,529) (359) - (53) (17,941) Impairment due to damage - (354) - - (354) Other - - - - - Balances as of December 31, 2017 274,079 193,689 4,888 60,823 533,478 b.2 2018 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (114,727) (130,173) (667) (45,365) (290,932) Depreciation charges in the period (17,704) (29,623) - (7,660) (54,987) Sales and disposals in the period 3 40 - 34 77 Transfers - - - - Other - - - - Balances as of December 31, 2018 (132,428) (159,756) (667) (52,991) (345,842) 2017 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (94,207) (101,618) (658) (39,139) (235,622) Depreciation charges in the period (20,744) (28,593) (9) (6,277) (55,623) Sales and disposals in the period 224 38 - 51 313 Transfers - - - - - Other - - - - - Balances as of December 31, 2017 (114,727) (130,173) (667) (45,365) (290,932) c. Operational leases – lessor As of December 31, 2018 and 2017, the future minimum lease cash inflows under non-cancellable operating leases are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 469 567 Due after 1 year but within 2 years 882 749 Due after 2 years but within 3 years 469 480 Due after 3 years but within 4 years 460 348 Due after 4 years but within 5 years 428 308 Due after 5 years 2,242 1,792 Total 4,950 4,244 d. Operational leases – lessee Certain Bank’s premises and equipment are leased under various operating leases, Future minimum rental payments under non-cancellable leases are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 25,702 26,059 Due after 1 year but within 2 years 24,692 21,343 Due after 2 year but within 3 years 22,439 18,091 Due after 3 years but within 4 years 19,574 15,736 Due after 4 years but within 5 years 17,250 12,734 Due after 5 years 63,945 51,502 Total 173,602 145,465 e. As of December 31, 2018 and 2017, the Bank has no financial leases which cannot be unilaterally rescinded. f. The Bank has no restriction on property, plant and equipment as of December 31, 2018 and 2017. Additionally, the property, plant and equipment have not been provided as guarantees of financial liabilities. The Bank has no debt in connection with property, plant and equipment. |
CURRENT AND DEFERRED TAXES
CURRENT AND DEFERRED TAXES | 12 Months Ended |
Dec. 31, 2018 | |
Current And Deferred Taxes | |
CURRENT AND DEFERRED TAXES | NOTE 16 CURRENT AND DEFERRED TAXES a) Current taxes As of December 31, 2018 and 2017, the Bank recognises taxes payable (recoverable), which is determined based on the currently applicable tax legislation. This amount is recorded net of recoverable taxes, and is shown as follows: As of December 31, 2018 2017 MCh$ MCh$ Summary of current tax liabilities (assets) Current tax (assets) - - Current tax liabilities 8,093 6,435 Total tax payable (recoverable) 8,093 6,435 (Assets) liabilities current taxes detail (net) Income tax, tax rate(*) 196,527 145,112 Minus: Provisional monthly payments (186,060) (136,562) Credit for training expenses (1,937) (1,768) Land taxes leasing - - Grant credits (1,320) (968) Other 883 621 Total tax payable 8,093 6,435 (*)The tax rate is 27,0% for 2018 and 25,5% for 2017, b) Effect on income The effect of tax expense on income for the years ended December 31, 2018, 2017 and 2016 is comprised of the following items: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income tax expense Current tax 196,527 145,112 145,963 Credits (debits) for deferred taxes Origination and reversal of temporary differences (25,517) (6,751) (37,269) Valuation provision (56) 5,955 - Subtotals 170,954 144,316 108,694 Tax for rejected expenses (Article No,21) 1,110 610 336 Other (4,920) 105 1 Net charges for income tax expense 167,144 145,031 109,031 c) Effective tax rate reconciliation The reconciliation between the income tax rate and the effective rate applied in determining tax expenses as of December 31, 2018, 2017 and 2016, is as follows: For the year ended December 31, 2018 2017 2016 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Tax calculated over profit before tax 27.00 207,046 25.50 183,671 24.00 140,991 Price level restatement for tax purposes (1) (5.15) (39,494) (3.03) (21,829) (5.49) (32,256) Single penalty tax (rejected expenses) 0.14 1,110 0.08 610 0.06 336 Effect of tax reform changes on deferred tax (2) 0.00 - (2.86) (20,600) 0.01 86 Real estate taxes 0.00 - 0.00 - 0.00 - Other (0.20) (1,518) 0.44 3,179 (0.02) (126) Effective rates and expenses for income tax 21.80 167,144 20.13 145,031 18.56 109,031 (1) Price level restatement on tax purpose capital. (2) In accordance with Chilean Law N°20,780 published in September 29, 2014 the income tax rate are 25.5% and 27% for 2017 and 2018 respectively. d) Effect of deferred taxes on comprehensive income Below is a summary of the separate effect of deferred tax on other comprehensive income, showing the asset and liability balances, for the years ended December 31, 2018 and 2017: As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Available for sale investments - 368 Debt instruments at FVOCI 1,166 - Cash flow hedges 65 908 Total deferred tax assets recognised through other comprehensive income 1,231 1,276 Deferred tax liabilities Available for sale investments - (841) Debt instruments at FVOCI (2,976) - Cash flow hedges (2,711) - Total deferred tax liabilities recognised through other comprehensive income (5,687) (841) Net deferred tax balances in equity (4,456) (435) Deferred taxes in equity attributable to shareholders of the Bank (4,102) 791 Deferred tax in equity attributable to non-controlling interests (354) (356) e) Effect of deferred taxes on income As of December 31, 2018 and 2017, the Bank has recorded effects for deferred taxes in the financial statements: As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Interests and adjustments 9,384 8,645 Non-recurring charge-offs 13,389 11,651 Assets received in lieu of payment 785 1,582 Exchange rate adjustments 1,675 882 Property, plant and equipment valuation 6,138 4,410 Allowance for loan losses 184,488 160,359 Provision for expenses 63,134 73,518 Derivatives 3,924 5,249 Leased assets 107,897 98,090 Subsidiaries tax losses 5,314 5,277 Prepaid expenses 156 151 Total deferred tax assets 396,284 369,814 Deferred tax liabilities Valuation of investments (42) (1,911) Prepaid expenses (349) - Depreciation - (532) Valuation provision (5,989) (5,955) Exchange rate adjustments (3,383) - Other (20) (432) Total deferred tax liabilities (9,783) (8,830) f) Summary of deferred tax assets and liabilities Below is a summary of the deferred taxes impact on equity and income, As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Recognised through other comprehensive income 1,231 1,276 Recognised through profit or loss 396,284 369,815 Total deferred tax assets 397,515 371,091 Deferred tax liabilities Recognised through other comprehensive income (5,687) (841) Recognised through profit or loss (9,783) (8,822) Total deferred tax liabilities (15,470) (9,663) |
OTHER ASSETS
OTHER ASSETS | 12 Months Ended |
Dec. 31, 2018 | |
Other Assets | |
OTHER ASSETS | NOTE 17 OTHER ASSETS Other assets item includes the following: As of December 31, 2018 2017 MCh$ MCh$ Assets for leasing (1) 47,486 48,099 Assets received or awarded in lieu of payment Assets received in lieu of payment 17,525 20,904 Assets awarded at judicial sale 21,524 24,800 Provision on assets received in lieu of payment or awarded (723) (1,440) Subtotal 38,326 44,264 Other assets Guarantee deposits (margin accounts) (2) 170,232 323,767 Gold investments 522 478 VAT credit 9,097 9,570 Income tax recoverable 1,756 1,381 Prepaid expenses 477,819 116,512 Assets recovered from leasing for sale 6,848 4,235 Valuation adjustments by macrohedge 9,414 160 Pension plan assets 846 921 Accounts and notes receivable 59,511 59,574 Notes receivable through brokerage and simultaneous transactions 71,382 68,272 Other receivable assets 48,612 53,500 Other assets (3) 49,365 33,677 Subtotal 905,404 672,047 Total 991,216 764,410 (1) Assets available to be granted under the financial leasing agreements. (2) Guarantee deposits (margin accounts) correspond to collateral associated with derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. (3) Other assets mainly include settlement of derivatives and other financial transactions. |
TIME DEPOSITS AND OTHER TIME LI
TIME DEPOSITS AND OTHER TIME LIABILITIES | 12 Months Ended |
Dec. 31, 2018 | |
Time Deposits And Other Time Liabilities | |
TIME DEPOSITS AND OTHER TIME LIABILITIES | NOTE 18 TIME DEPOSITS AND OTHER TIME LIABILITIES As of December 31, 2018 and 2017, the composition of the line item time deposits and other liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Deposits and other demand liabilities Checking accounts 6,794,132 6,272,656 Other deposits and demand accounts 709,711 590,221 Other demand liabilities 1,237,574 905,289 Total 8,741,417 7,768,166 Time deposits and other time liabilities Time deposits 12,944,846 11,792,466 Time savings account 118,587 116,179 Other time liabilities 4,386 5,300 Total 13,067,819 11,913,945 |
INTERBANK BORROWINGS
INTERBANK BORROWINGS | 12 Months Ended |
Dec. 31, 2018 | |
Interbank Borrowings | |
INTERBANK BORROWINGS | NOTE 19 INTERBANK BORROWINGS As of December 31, 2018 and 2017 the line item Interbank borrowings is as follows: As of December 31, 2018 2017 MCh$ MCh$ Loans from financial institutions and the Central Bank of Chile Other obligations with Central Bank of Chile - 5 Subtotal - 5 Loans from domestic financial institutions - 480 Loans from foreign financial institutions Bank of America N,A, Us Foreig 338,906 228,309 Sumitomo Mitsui Banking Corporation 278,761 259,199 Citibank N,A, 241,041 191,494 Mizuho Bank Ltd Ny 223,829 215,967 Wells Fargo Bank N,A, 216,749 235,058 The Bank of Nova Scotia 163,927 86,419 The Bank of New York Mellon 69,921 30,839 Corporacion Andina De Fomento 52,371 - Standard Chartered Bank 50,960 225,966 Barclays Bank PLC London 34,965 30,886 Hsbc Bank Plc Ny 34,936 30,875 Wachovia Bank, NA 33,499 - Banco Santander Brasil S,A, 8,040 5,225 Bank of China 7,777 831 Banco Santander Hong Kong 6,047 8,341 Deutsche Bank A,G, 5,558 157 Bnp Paribas, Hong Kong Branch 3,554 - Keb Hana Bank 2,318 396 Rabobank, Hong Kong Branch 1,548 - Hong Kong and Shanghai Banking 1,300 222 Banco Santander Central Hispano 1,295 312 Unicredito Italiano SPA 1,117 264 Bank of Tokio Mitsubishi 1,032 453 Banco Bilbao Vizcaya Argentaria 888 - Standard Chartered Bank Malays 843 - Dexia Bank SA 789 - Banque Bruxelles Lambert S,A, 509 - Hsbc Bank USA 394 38 Shinhan Bank 380 394 United Bank of India 378 - Woori Bank 356 105 State Bank of India 331 110 Banca Commerciale Italiana S,P, 288 31 Canara Bank 237 224 Shanghai Pudong Development Ba 237 - Banco de Galicia Y Buenos Aires 231 - Bank of East Asia, Limited 205 241 First Union National Bank 201 35 Industrial Bank of Korea 195 - Banca Monte dei Paschi di Siena 179 162 Metropolitan Bank Limited 170 87 Hua Nan Commercial Bank Ltd, 164 349 Credit Lyonnais 139 - Bank of Shanghai 134 - Bank of Taiwan 127 136 Agricultural Bank of China 106 295 Akbank T,A,S, 106 - Credit Agricole 106 - Banco Bradesco S,A, 89 - Oriental Bank of Commerce 87 - Kookmin Bank 78 201 Banca Nazionale Del Lavoro S,P 77 - Hsbc Bank Middle East 77 - International Commercial Bank 70 221 Taiwan Cooperative Bank 66 159 Banca Lombarda E Piemontese S, 60 - Hanvit Bank 58 55 Bank of India 51 - Caixabank S,A, 44 - Fortis Bank S,A,/N,V, Brussels 42 15 Subtotal 1,787,943 1,554,071 As of December 31, 2018 2017 MCh$ MCh$ Loans from foreign financial institutions, continuación Banco de la Republica Oriental 41 - Bank of Baroda 37 - China Construcción Bank 35 90 Banco Internacional S,A, 33 - Joint Stock Commercial Bank Fo, 33 - Shanghai Commercial and Saving 33 - Banistmo S,A, 32 - Banca Popolare Dell’Emilia Rom 31 53 Bank of Montreal 31 30 Raiffeisen Bank Polska S,A, 31 - Casa Di Risparmo De Padova E,R, 30 56 Industrial and Commercial Bank 30 119 Hdfc Bank Limited 28 - Bankinter S,A, 24 - Kbc Bank Nv 23 - Banco Bpm SPA 21 - Cassa Di Risparmio In Bologna 21 - Banco De Sabadell S,A, 20 - Banco Commerzbank 19 - Taiwan Business Bank 19 19 Cajas Rurales Unidas 18 - Chang Hwa Commercial Bank Ltd, 18 14 U,S, Bank (Formerly First Bank 18 - United World Chinese Commercia 15 - Banco Itau S,A, 14 - Mega International Commercial 9 - Banca Popolare Di Milano S,C,A 6 - Hang Seng Bank (China) Limited 6 - Sumitono Mitsui 4 - Development Bank of Singapore 3 - Abanca Corporacion Bancaria SA - 60 Australia And New Zealand Bank - 62 Banca Delle Marche SPA - 76 Banco Bradesco S,A, - 50 Banco Caixa Geral, - 33 Banco Commerzbank - 145 Banco de Occidente - 282 Banco De Sabadell S,A, - 10 Banco Do Brasil S,A, - 268 Banco Internacional S,A, - 33 Banco Popolare Soc Coop, - 6 Banco Popular Espanol S,A, - 19 Bancolombia S,A, - 94 Bank Austria A,G, - 2,317 Bank of Communications - 93 Bank of Nova Scotia - 112 Banque Generale Du Luxembourg - 207 Cassa Di Risparmio Di Parma E - 93 Citic Industrial Bank - 39 Corporación Andina De Fomento - 31,075 European Investment Bank - 12,629 Habib Bank Limited - 34 Hang Seng Bank Ltd, - 39 Hsbc Bank PLC - 30,838 Icici Bank Limited - 8 J,P, Morgan Chase Bank N,A, - 154 Kasikornbank Public Company Li, - 25 Liu Chong Hing Bank Limited - 21 Mizuho Corporate Bank - 331 Punjab National Bank - 47 Shanghai Pudong Development - 714 Societe Generale - 56 Thai Military Bank Public Comp, - 377 The Toronto-Dominion Bank - 62,743 Yapi Ve Kredi Bankasi A,S, - 155 Zhejiang Commercial Bank Ltd, - 175 Subtotal 683 143,801 Total 1,788,626 1,698,357 a) Obligations with Central Bank of Chile Debts to the Central Bank of Chile include credit lines for renegotiation of loans and other borrowings. These credit lines were provided by the Central Bank of Chile for renegotiation of loans due to the need to refinance debt as a result of the economic recession and crisis of the banking system in the early 1980s. The outstanding amounts owed to the Central Bank of Chile under these credit lines are as follows: As of December 31, 2018 2017 MCh$ MCh$ Totals Line of credit for renegotiation with Central Bank of Chile - 5 b) Loans from domestic financial institutions These obligations’ maturities are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year - 480 Due within 1 and 2 year - - Due within 2 and 3 year - - Due within 3 and 4 year - - Due after 5 years - - Total loans from domestic financial institutions - 480 c) Foreign obligations As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 1,648,955 1,477,318 Due within 1 and 2 year 139,671 185,519 Due within 2 and 3 year - 35,035 Due within 3 and 4 year - - Due after 5 years - - Total loans from foreign financial institutions 1,788,626 1,697,872 |
ISSUED DEBT INSTRUMENTS AND OTH
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES | 12 Months Ended |
Dec. 31, 2018 | |
Issued Debt Instruments And Other Financial Liabilities | |
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES | NOTE 20 ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES As of December 31, 2018 and 2017, composition of this item is as follows: As of December 31, 2018 2017 MCh$ MCh$ Other financial liabilities Obligations to public sector 32,449 59,470 Other domestic obligations 175,210 175,389 Foreign obligations 7,741 7,171 Subtotals 215,400 242,030 Issued debt instruments Mortgage finance bonds 25,490 34,479 Senior bonds 7,198,865 6,186,760 Mortgage bond 94,921 99,222 Subordinated bonds 795,957 773,192 Subtotals 8,115,233 7,093,653 Total 8,330,633 7,335,683 Debts classified as current are either demand obligations or will mature in one year or less, All other debts are classified as non-current, The Bank’s debts, both current and non-current, are summarized below: As of December 31, 2018 Current Non-current Total MCh$ MCh$ MCh$ Mortgage finance bonds 6,830 18,660 25,490 Senior bonds 844,898 6,353,967 7,198,865 Mortgage bond 4,833 90,088 94,921 Subordinated bonds 1 795,956 795,957 Issued debt instruments 856,562 7,258,671 8,115,233 Other financial liabilities 205,871 9,529 215,400 Total 1,062,433 7,268,200 8,330,633 As of December 31, 2017 Current Non-current Total MCh$ MCh$ MCh$ Mortgage finance bonds 8,691 25,788 34,479 Senior bonds 337,166 5,849,594 6,186,760 Mortgage bond 4,541 94,681 99,222 Subordinated bonds 3 773,189 773,192 Issued debt instruments 350,401 6,743,252 7,093,653 Other financial liabilities 212,825 29,205 242,030 Total 563,226 6,772,457 7,335,683 a) Mortgage finance bonds These bonds are used to finance mortgage loans, Their principal amounts are amortised on a quarterly basis. The range of maturities of these bonds is between five and twenty years. Loans are indexed to UF and create a yearly interest yield of 5.43% as of December 31, 2018 (5.39% as of December 31, 2017). As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 6,830 8,691 Due after 1 year but within 2 years 5,946 6,744 Due after 2 year but within 3 years 5,034 6,096 Due after 3 year but within 4 years 3,997 5,155 Due after 4 year but within 5 years 2,480 4,101 Due after 5 years 1,203 3,692 Total mortgage bonds 25,490 34,479 b) Senior bonds The following table shows senior bonds by currency: As of December 31, 2018 2017 MCh$ MCh$ Santander bonds in UF 4,095,741 3,542,006 Santander bonds in USD 1,094,267 1,045,465 Santander bonds in CHF 386,979 268,281 Santander bonds in Ch$ 1,291,900 1,135,527 Santander bonds in AUD 24,954 14,534 Current bonds in JPY 191,598 126,059 Santander bonds in EUR 113,426 54,888 Total senior bonds 7,198,865 6,186,760 i, Placement of senior bonds: In 2018, the Bank issued bonds for UF 23,000,000; CLP 225,000,000,000; USD 70,000,000; EUR 66,000,000; AUD 20,000,000; CHF 115,000,000 and JPY 7,000,000,000 detailed as follows: Series Currency Amount Term Issuance rate Series approval date Series maximum amount Maturity date T1 UF 4,000,000 2,0 2.20% 01-02-2016 7,000,000 01-02-2020 T4 UF 4,000,000 3,0 2.35% 01-02-2016 8,000,000 01-08-2021 T11 UF 5,000,000 7,0 2.65% 01-02-2016 5,000,000 01-02-2025 T12 UF 5,000,000 7,0 2.70% 01-02-2016 5,000,000 01-08-2025 T15 UF 5,000,000 11,0 3.00% 01-02-2016 5,000,000 01-08-2028 Total UF 23,000,000 30,000,000 P5 CLP 75,000,000,000 4,0 5.30% 05-03-2015 150,000,000,000 01-03-2022 U4 CLP 75,000,000,000 3,4 ICP + 1.00% yearly 10-01-2017 75,000,000,000 10-01-2022 U3 CLP 75,000,000,000 2,7 ICP + 1.00% yearly 11-06-2018 75,000,000,000 11-06-2021 Total CLP 225,000,000,000 300,000,000,000 DN USD 50,000,000 10,0 4.17% 10-10-2018 50,000,000 10-10-2028 DN USD 20,000,000 2,0 0.0369 16-11-2018 20,000,000 16-11-2020 Total USD 70,000,000 70,000,000 EUR EUR 26,000,000 7,0 1.00% yearly 04-05-2018 26,000,000 28-05-2025 EUR EUR 40,000,000 12,0 1.78% yearly 08-06-2018 40,000,000 15-06-2030 Total EUR 66,000,000 66,000,000 AUD AUD 20,000,000 5,0 3.56% 13-11-2018 20,000,000 13-11-2023 Total AUD 20,000,000 20,000,000 CHF CHF 115,000,000 5,3 0.441% 21-09-2018 115,000,000 21-12-2023 Total CHF 115,000,000 115,000,000 JPY JPY 4,000,000,000 10,6 0.65% anual 13-07-2018 4,000,000,000 13-01-2029 JPY JPY 3,000,000,000 5 años 56% 30-10-2018 3,000,000,000 30-10-2023 Total JPY 7,000,000,000 7,000,000,000 During 2018, the Bank performed a partial repurchase of the following bonds: Date Type Currency Amount 04-01-2018 Senior CLP 12,890,000,000 04-01-2018 Senior CLP 4,600,000,000 22-01-2018 Senior UF 24,000 05-04-2018 Senior UF 484,000 06-04-2018 Senior UF 184,000 23-04-2018 Senior UF 216,000 24-04-2018 Senior UF 4,000 25-04-2018 Senior UF 262,000 10-05-2018 Senior UF 800,000 07-06-2018 Senior USD 3,090,000 11-12-2018 Senior USD 250,000,000 In 2017, the Bank issued bonds for UF 10,000,000; CLP 160,000,000,000; USD 770,000,000 and AUD 30,000,000; detailed as follows: Series Currency Amount Term Issuance rate Series approval date Series maximum amount Maturity date T9 UF 5,000,000 7 2.60% 01-02-2016 5,000,000 01-03-2024 T13 UF 5,000,000 9 2.75% 01-02-2016 5,000,000 01-03-2026 Total UF 10,000,000 10,000,000 SD CLP 60,000,000,000 5 5.50% 01-06-2014 200,000,000,000 01-12-2019 T16 CLP 100,000,000,000 6 5.20% 01-02-2016 100,000,000,000 01-12-2021 Total CLP 160,000,000,000 300,000,000,000 DN USD 100,000,000 3 Libor-USD 3M+0.80% 20-07-2017 100,000,000 27-07-2020 DN USD 50,000,000 3 Libor-USD 3M+0.80% 21-07-2017 50,000,000 27-07-2020 DN USD 50,000,000 3 Libor-USD 3M+0.80% 24-07-2017 50,000,000 27-07-2020 DN USD 10,000,000 4 Libor-USD 3M+0.80% 23-08-2017 10,000,000 23-11-2021 DN USD 10,000,000 4 Libor-USD 3M+0.83& 23-08-2017 10,000,000 23-11-2021 DN USD 50,000,000 3 Libor-USD 3M+0.83% 14-09-2017 50,000,000 15-09-2020 DN USD 500,000,000 3 Libor-USD 3M+0.75% 12-12-2017 500,000,000 15-12-2020 Total DN 770,000,000 770,000,000 AUD AUD 30,000,000 10 3.96% 05-12-2017 30,000,000 12-12-2027 Total 30,000,000 30,000,000 During 2017, the Bank performed a partial repurchase of the following bond: Date Type Currency Amount 06-03-2017 Senior USD 6,900,000 12-05-2017 Senior UF 1,000,000 16-05-2017 Senior UF 690,000 17-05-2017 Senior UF 15,000 26-06-2017 Senior UF 340,000 01-06-2017 Senior UF 590,000 02-06-2017 Senior UF 300,000 05-06-2017 Senior UF 130,000 19-06-2017 Senior UF 265,000 10-07-2017 Senior UF 770,000 21-07-2017 Senior UF 10,000 28-08-2017 Senior UF 200,000 28-08-2017 Senior UF 200,000 29-08-2017 Senior UF 2,000 29-08-2017 Senior UF 270,000 03-11-2017 Senior UF 14,000 29-11-2017 Senior UF 400,000 06-12-2017 Senior UF 20,000 12-12-2017 Senior CLP 10,990,000,000 ii. The maturities of senior bonds are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 844,898 337,166 Due after 1 year but within 2 years 1,331,255 866,936 Due after 2 year but within 3 years 1,073,847 832,978 Due after 3 year but within 4 years 1,104,547 1,177,081 Due after 4 year but within 5 years 421,918 902,647 Due after 5 years 2,422,400 2,069,952 Total senior bonds 7,198,865 6,186,760 c) Mortgage bonds Detail of mortgage bonds per currency is as follows: As of December 31, 2018 2017 MCh$ MCh$ Mortgage bonds in UF 94,921 99,222 Total mortgage bonds 94,921 99,222 i. Allocation of mortgage bonds During 2018 and 2017, the Bank has not placed any mortgage bonds. ii. The maturities of Mortgage bonds are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 4,833 4,541 Due after 1 year but within 2 years 7,758 7,291 Due after 2 year but within 3 years 8,008 7,526 Due after 3 year but within 4 years 8,267 7,769 Due after 4 year but within 5 years 8,534 8,019 Due after 5 years 57,521 64,076 Total Mortgage bonds 94,921 99,222 d) Subordinated bonds Detail of the subordinated bonds per currency is as follows: As of December 31, 2018 2017 MCh$ MCh$ Subordinated bonds denominated in CLP 1 3 Subordinated bonds denominated in UF 795,956 773,189 Total subordinated bonds 795,957 773,192 i. Allocation of subordinated bonds During 2018 and 2017, the Bank has not placed any subordinated bonds. The maturities of subordinated bonds, are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 1 3 Due after 1 year but within 2 years - - Due after 2 year but within 3 years - - Due after 3 year but within 4 years - - Due after 4 year but within 5 years - - Due after 5 years 795,956 773,189 Total subordinated bonds 795,957 773,192 e) Other financial liabilities The composition of other financial obligations, by maturity, is detailed below: As of December 31, 2018 2017 MCh$ MCh$ Non-current portion: Due after 1 year but within 2 years 9,221 23,401 Due after 2 year but within 3 years 40 4,181 Due after 3 year but within 4 years 44 194 Due after 4 year but within 5 years 48 210 Due after 5 years 176 1,219 Non-current portion subtotal 9,529 29,205 Current portion: Amounts due to credit card operators 172,425 173,271 Acceptance of letters of credit 2,894 2,780 Other long-term financial obligations, short-term portion 30,552 36,774 Current portion subtotal 205,871 212,825 Total other financial liabilities 215,400 242,030 |
MATURITY OF FINANCIAL ASSETS AN
MATURITY OF FINANCIAL ASSETS AND LIABILITIES | 12 Months Ended |
Dec. 31, 2018 | |
Maturity Of Financial Assets And Liabilities | |
MATURITY OF FINANCIAL ASSETS AND LIABILITIES | NOTE 21 MATURITY OF FINANCIAL ASSETS AND LIABILITIES As of December 31, 2018 and 2017, the detail of the maturities of assets and liabilities is as follows: As of December 31, 2018 Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial assets Cash and deposits in banks 2,065,411 - - - 2,065,411 - - - - 2,065,411 Cash items in process of collection 353,757 - - - 353,757 - - - - 353,757 Financial assets held for trading - 1,064 - 11,642 12,706 16,331 20,080 27,924 64,335 77,041 Investments under resale agreements - - - - - - - - - - Financial derivative contracts - 111,268 128,024 543,722 783,014 723,622 552,133 1,041,866 2,317,621 3,100,635 Loans and accounts receivables at amortised cost (*) 238,212 3,295,003 2,323,442 4,880,726 10,737,383 5,474,289 3,236,349 10,765,393 19,476,031 30,213,414 Loans and account receivable at fvoci (**) - - - 25,294 25,294 4,949 - 38,451 43,400 68,694 Debt instruments at fvoci - 2,391,329 - 1 2,391,330 86 - 2,907 2,993 2,394,323 Equity instruments at fvoci - - - - - - - 483 483 483 Guarantee deposits (margin accounts) 170,232 - - - 170,232 - - - - 170,232 Total financial assets 2,827,612 5,798,664 2,451,466 5,461,385 16,539,127 6,219,277 3,808,562 11,877,024 21,904,863 38,443,990 Financial liabilities Deposits and other demand liabilities 8,741,417 - - - 8,741,417 - - - - 8,741,417 Cash items in process of being cleared 163,043 - - - 163,043 - - - - 163,043 Obligations under repurchase agreements - 48,545 - - 48,545 - - - - 48,545 Time deposits and other time liabilities 122,974 5,248,418 4,108,556 3,326,199 12,806,147 191,547 6,137 63,988 261,672 13,067,819 Financial derivative contracts - 131,378 120,361 349,551 601,290 495,789 471,185 949,464 1,916,438 2,517,728 Interbank borrowings 39,378 16,310 404,575 1,188,692 1,648,955 139,671 - - 139,671 1,788,626 Issued debt instruments - 71,465 39,267 745,830 856,562 2,431,849 1,549,743 3,277,079 7,258,670 8,115,233 Other financial liabilities 179,681 934 2,412 22,844 205,871 9,261 92 176 9,529 215,400 Guarantees received (margin accounts) 540,091 - - - 540,091 - - - - 540,091 Total financial liabilities 9,786,584 5,517,050 4,675,171 5,633,116 25,611,921 3,268,117 2,027,157 4,290,707 9,585,981 35,197,902 (*) Loans and accounts receivables at amortised cost are presented on a gross basis. The amount of allowance is Ch$882,414 million. (**) Loans and accounts receivables at fvoci are presented on a gross basis. The amount of allowance is Ch$106 milion As of December 31, 2017 Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial assets Cash and deposits in banks 1,452,922 - - - 1,452,922 - - - - 1,452,922 Cash items in process of collection 668,145 - - - 668,145 - - - - 668,145 Trading investments - 72,983 4,024 68,277 145,284 110,824 90,507 139,121 340,452 485,736 Investments under resale agreements - - - - - - - - - - Financial derivative contracts - 135,780 198,876 410,415 745,071 385,428 371,090 737,058 1,493,576 2,238,647 Interbank loans (*) - 6,064 152,911 3,710 162,685 - - - - 162,685 Loans and accounts receivables from customers (**) 769,823 2,206,734 2,288,372 4,348,975 9,613,904 5,187,501 2,938,326 9,823,498 17,949,325 27,563,229 Available for sale investments - 58,850 11,788 102,600 173,238 556,289 975,372 869,647 2,401,308 2,574,546 Guarantee deposits (margin accounts) 323,767 - - - 323,767 - - - - 323,767 Total financial assets 3,214,657 2,480,411 2,655,971 4,933,977 13,285,016 6,240,042 4,375,295 11,569,324 22,184,661 35,469,677 Financial liabilities Deposits and other demand liabilities 7,768,166 - - - 7,768,166 - - - - 7,768,166 Cash items in process of being cleared 486,726 - - - 486,726 - - - - 486,726 Obligations under repurchase agreements - 268,061 - - 268,061 - - - - 268,061 Time deposits and other time liabilities 121,479 5,120,171 4,201,271 2,299,018 11,741,939 106,833 2,811 62,362 172,006 11,913,945 Financial derivative contracts - 144,410 196,444 356,288 697,142 378,582 358,358 705,406 1,442,346 2,139,488 Interbank borrowings 4,130 46,013 397,419 1,030,241 1,477,803 220,554 - - 220,554 1,698,357 Issued debt instruments - 21,043 55,119 274,239 350,401 1,727,571 2,104,771 2,910,910 6,743,252 7,093,653 Other financial liabilities 177,663 701 2,583 31,879 212,826 27,581 404 1,219 29,204 242,030 Guarantees received (margin accounts) 408,313 - - - 408,313 - - - - 408,313 Total financial liabilities 8,966,477 5,600,399 4,852,836 3,991,665 23,411,377 2,461,121 2,466,344 3,679,897 8,607,362 32,018,739 (*) Interbank loans are presented on a gross basis, The amount of allowance is Ch$472 million, (**) Loans and accounts receivables from customers are presented on a gross basis, Provisions amounts according to type of loan are detailed as follows: Commercial loans Ch$ 437,863 million, Mortgage loans Ch$ 69,066 million, and Consumer loans Ch$ 283,756 million, |
PROVISIONS AND CONTINGENT PROVI
PROVISIONS AND CONTINGENT PROVISIONS | 12 Months Ended |
Dec. 31, 2018 | |
Provisions [abstract] | |
PROVISIONS AND CONTINGENT PROVISIONS | NOTE 22 PROVISIONS AND CONTINGENT PROVISIONS a) As of December 31, 2018 and 2017, the composition is as follows: As of December 31, 2018 2017 MCh$ MCh$ Provisions for personnel salaries and expenses 93,379 97,576 Provisions for mandatory dividends 178,600 168,840 Provisions for contingent loan risk* 23,709 9,480 Other 620 599 Total 305,271 303,798 * Under IFRS 9 disclosure requeriments b) Below is the activity regarding provisions during the years ended December 31, 2018 and 2017 Personnel salaries and expenses Mandatory Dividend Contingencies MCh$ MCh$ MCh$ Balances as of January 1, 2018 97,576 168,840 27,303 Provisions established 80,912 178,600 19,447 Application of provisions (72,975) - (4,431) Provisions released (3,195) (168,840) (33,356) Reclassifications - - - Other (8,939) - - Balances as of December 31, 2018 93,379 178,600 8,963 Balances as of January 1, 2017 72,592 142,815 65,404 Provisions established 106,687 168,840 8,645 Application of provisions (81,703) (142,815) (389) Provisions released - - (46,357) Reclassifications - - - Other - - - Balances as of December 31, 2017 97,576 168,840 27,303 c) Provisions for personnel salaries and expenses includes: As of December 31, 2018 2017 MCh$ MCh$ Provision for seniority compensation 9,531 17,874 Provision for stock-based personnel benefits - - Provision for performance bonds 59,633 53,947 Provision for vacations 22,792 23,039 Provision for other personnel benefits 1,423 2,716 Total 93,379 97,576 d) Provisions for contingent loan risk Provision for contingent loan arise from contingent liabilities and loan commitments. Provisions for ECL risks in respect of contingent loan are included in ECL allowance in the income statements for the year. The Bank has apply the new model for ECL under IFRS to contingent loans. An analysis of changes in the corresponding ECL allowance is, as follows: Stage 1 Stage 2 Stage 3 TOTAL Individual Collective Individual Collective Individual Collective ECL allowance at January 1, 2018 1,028 16,261 219 187 2,884 3,182 23,761 Transfer Transfers to stage 2 (30) - 65 - - - 35 Transfers to stage 3 (1) - - - 328 - 327 Transfers to stage 3 - - (11) - 567 - 556 Transfers to stage 1 1 - (7) - - - (6) Transfers to stage 2 - - - - - - - Transfers to stage 1 - - - - (1) - (1) Net changes on financial assets 115 683 3 (37) 54 (77) 741 Writte-off - - - - - - - Foreign Exchange adjustments (32) (1,874) (10) 22 24 166 (1,704) At 31 December 2018 1,081 15,070 259 172 3,856 3,271 23,709 |
OTHER LIABILITIES
OTHER LIABILITIES | 12 Months Ended |
Dec. 31, 2018 | |
Other Liabilities | |
OTHER LIABILITIES | NOTE 23 OTHER LIABILITIES The other liabilities line item is as follows: As of December 31, 2018 2017 MCh$ MCh$ Accounts and notes payable 163,216 196,965 Unearned income 673 601 Valuation adjustments by macrohedges 7,039 - Guarantees received (margin accounts) (1) 540,091 408,313 Notes payable through brokerage and simultaneous transactions 50,807 17,799 Other payable obligations (2) 94,779 58,921 Withheld VAT 1,990 1,887 Other liabilities (3) 41,812 60,877 Total 900,407 745,363 (1) Guarantee deposits (margin accounts) correspond to collateral associated to derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. (2) Other payable obligations mainly relates to settlement of derivatives and other financial transactions derived from the operation of the Bank. (3) Other liabilities: mainly include reimbursement of insurance commissions. |
CONTINGENCIES AND COMMITMENTS
CONTINGENCIES AND COMMITMENTS | 12 Months Ended |
Dec. 31, 2018 | |
Contingencies And Commitments | |
CONTINGENCIES AND COMMITMENTS | NOTE 24 CONTINGENCIES AND COMMITMENTS a) Lawsuits and legal procedures As of the issuance date of these financial statements, the Bank and its affiliates were subject to certain legal actions in the normal course of their business. As of December 31, 2018, the Bank and its subsidiaries have provisions for this item of Ch$923 million and Ch$0 million, respectively (Ch$1,214 million and Ch$0 million as of December 31, 2017) which is included in “Provisions” in the Consolidated Statements of Financial Position as provisions for contingencies. b) Contingent loans The following table shows the Bank’s contractual obligations to issue loans: As of December 31, 2018 2017 MCh$ MCh$ Letters of credit issued 223,420 201,699 Foreign letters of credit confirmed 57,038 75,499 Performance guarantee 1,954,205 1,823,793 Personal guarantees 133,623 81,577 Total contingent liabilities 2,368,286 2,182,568 Available on demand credit lines 8,997,650 8,135,489 Other irrevocable credit commitments 327,297 260,691 Total loan commit ment 9,324,947 8,396,180 Total 11,693,233 10,578,748 c) Held securities The Bank holds securities in the normal course of its business as follows: As of December 31, 2018 2017 MCh$ MCh$ Third party operations Collections 99,784 175,200 Assets from third parties managed by the Bank and its affiliates 1,630,431 1,660,804 Subtotal 1,730,215 1,836,004 Custody of securities Securities held in custody 11,160,488 383,002 Securities held in custody deposited in other entity 861,405 760,083 Issued securities held in custody 12,335,871 22,046,701 Subtotal 24,357,764 23,189,786 Total 26,087,979 25,025,790 During 2018, the Bank classified the portfolios managed by private banking in “Assets from third parties managed by the Bank and its affiliates” (memo account). At the end of December 2018, the balance for this was Ch$ 1,630,396 million (Ch$ 1,660,768 million at December 31, 2017). d) Guarantees Banco Santander Chile has comprehensive officer fidelity insurance policy, No. 4668409, with the Chilena Consolidada de Seguros insurance company, for USD 50,000,000 which jointly covers both the Bank and its affiliates for the period from July 1, 2018 to June 30, 2019. e) Contingent loans and liabilities To satisfy its clients’ needs, the Bank took on several contingent loans and liabilities that are not be recognised in the Consolidated Financial Statements of Financial Position; these contain loan risks and they are, therefore, part of the Bank`s global risk. |
EQUITY
EQUITY | 12 Months Ended |
Dec. 31, 2018 | |
EQUITY | |
EQUITY | NOTE 25 EQUITY a) Capital As of December 31, 2018 and 2017 the Bank had 188,446,126,794 shares outstanding, all of which are subscribed for and paid in full, amounting to Ch$891,303 million, All shares have the same rights, and have no preferences or restrictions, The activity with respect to shares during 2018, 2017 and 2016 was as follows: SHARES As of December 31, 2018 2017 2016 Issued as of January 1 188,446,126,794 188,446,126,794 188,446,126,794 Issuance of paid shares - - - Issuance of outstanding shares - - - Stock options exercised - - - Issued as of December 31, 188,446,126,794 188,446,126,794 188,446,126,794 As of December 31, 2018, 2017 and 2016 the Bank does not have any of its own shares in treasury, nor do any of the consolidated companies. As of December 31, 2018 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 26,486,000,071 26,486,000,071 14.05 Banks on behalf of third parties 15,451,106,985 - 15,451,106,985 8.20 Pension funds (AFP) on behalf of third parties 9,033,172,896 - 9,033,172,896 4.79 Stock brokers on behalf of third parties 4,773,558,507 - 4,773,558,507 2.53 Other minority holders 6,109,287,067 - 6,109,287,067 3.25 Total 161,960,126,723 26,486,000,071 188,446,126,974 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. As of December 31, 2017 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 31,238,866,071 31,238,866,071 16.58 Banks on behalf of third parties 13,892,691,988 - 13,892,691,988 7.37 Pension funds (AFP) on behalf of third parties 6,896,552,755 - 6,896,552,755 3.66 Stock brokers on behalf of third parties 3,762,310,365 - 3,762,310,365 2.00 Other minority holders 6,062,704,347 - 6,062,704,347 3.21 Total 157,207,260,723 31,238,866,071 188,446,126,794 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. As of December 31, 2016 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 34,800,933,671 34,800,933,671 18.47 Banks on behalf of third parties 12,257,100,312 - 12,257,100,312 6.50 Pension funds (AFP) on behalf of third parties 6,990,857,997 - 6,990,857,997 3.71 Stock brokers on behalf of third parties 3,071,882,351 - 3,071,882,351 1.63 Other minority holders 4,732,351,195 - 4,732,351,195 2.51 Total 153,645,193,123 34,800,933,671 188,446,126,794 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. b) Reserves In April 2018, due to the Shareholders’ Meeting, the Bank agreed to capitalized 25% of retained earnings from 2017 as reserves; which equals Ch$ 141,204 million (Ch$ 141,706 million in 2017). c) Dividends The distribution of dividends is detailed in the Consolidated Statements of Changes in Equity. d) As of December 31, 2018, 2017 and 2016 the basic and diluted earnings per share were as follows: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ a) Basic earnings per share Total attributable to the shareholders of the Bank 595,333 562,801 476,067 Weighted average number of outstanding shares 188,446,126,794 188,446,126,794 188,446,126,794 Basic earnings per share (in Ch$) 3.159 2.987 2.526 b) Diluted earnings per share Total attributable to the shareholders of the Bank 595,333 562,801 476,067 Weighted average number of outstanding shares 188,446,126,794 188,446,126,794 188,446,126,794 Adjusted number of shares 188,446,126,794 188,446,126,794 188,446,126,794 Diluted earnings per share (in Ch$) 3.159 2.987 2.526 As of December 31, 2018, 2017 and 2016 the Bank does not own instruments with dilutive effects. e) Other comprehensive income from available for sale investments and cash flow hedges: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Debt instruments at FVOCI As of January 1, 1,855 - - Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax 6,328 - - Recycling from other comprehensive income to income for the year (1,502) - - Available for sale investments As of January 1, - 7,375 (7,093) Gain (losses) on the re-measurement of available for sale investments, before tax - (10,384) 2,267 Recycling from other comprehensive income to income for the year - 4,864 12,201 Subtotals 4,826 (5,520) 14,468 Total 6,681 1,855 7,375 Cash flow hedges As of January 1, (3,562) 2,288 8,626 Gains (losses) on the re-measurement of cash flow hedges, before tax 14,048 (5,850) (6,261) Recycling adjustments on cash flow hedges, before tax (683) - (77) Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction - - - Subtotals 13,365 (5,850) (6,338) Total 9,803 (3,562) 2,288 Other comprehensive income, before taxes 16,484 (1,707) 9,663 Income tax related to other comprehensive income components Income tax relating to debt instruments at FVOCI (1,810) - - Income tax relating to available for sale investments - (473) (1,770) Income tax relating to cash flow hedges (2,646) 908 (549) Total (4,456) 435 (2,319) Other comprehensive income, net of tax 12,028 (1,272) 7,344 Attributable to: Shareholders of the Bank 11,072 (2,312) 6,640 Non-controlling interest 956 1,040 704 The Bank expects that the results included in “Other comprehensive income” will be reclassified to profit or loss when the specific conditions have been met. |
NON-CONTROLLING INTEREST
NON-CONTROLLING INTEREST | 12 Months Ended |
Dec. 31, 2018 | |
Non-controlling Interest | |
NON-CONTROLLING INTEREST | NOTE 26 NON-CONTROLLING INTEREST a) The non-controlling interest included in the equity and the income from the subsidiaries is summarized as follows: Other comprehensive income As of December 31, 2018 Non-controlling Equity Income Debt instruments at FVOCI Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 488 99 - - - 99 Santander S.A. Sociedad Securitizadora 0.36 2 - - - - - Santander Corredores de Bolsa Limitada 49.00 21,673 755 (84) 2 (82) 673 Santander Corredora de Seguros Limitada 0.24 172 4 (2) - (2) 2 Subtotal 22,335 858 (86) 2 (84) 774 Entities controlled through other considerations: Bansa Santander S.A. (1) 100.00 20,051 2,650 - - - 2,650 Santander Gestión de Recaudación y Cobranzas Limitada 100.00 3,777 852 - - - 852 Subtotal 23,828 3,502 - - - 3,502 Total 46,163 4,360 (86) 2 (84) 4,276 Other comprehensive income As of December 31, 2017 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 389 132 - - - 132 Santander S.A. Sociedad Securitizadora 0.36 1 - - - - - Santander Corredores de Bolsa Limitada (1) 49.00 21,000 702 470 (134) 336 1,038 Santander Corredora de Seguros Limitada 0.25 167 4 - - - 4 Subtotal 21,557 838 470 (134) 336 1,174 Entities controlled through other considerations: Bansa Santander S.A. 100.00 17,401 10,869 - - - 10,869 Santander Gestión de Recaudación y Cobranzas Limitada 100.00 2,925 741 - - - 741 Subtotal 20,326 11,610 - - - 11,610 Total 41,883 12,448 470 (134) 336 12,784 (1) In September 2017, Bansa Santander S.A. celebrated a legal cession of rights,which generated an income of Ch$20,663 million before tax (Ch$15,197 million net of taxes). Other comprehensive income As of December 31, 2016 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 492 116 - - - 116 Santander S.A. Sociedad Securitizadora 0.36 2 - - - - - Santander Corredores de Bolsa Limitada 49.41 19,966 1,130 1,054 (251) 803 1,933 Santander Corredora de Seguros Limitada 0.25 164 7 - - - 7 Subtotals 20,624 1,253 1,054 (251) 803 2,056 Entities controlled through other considerations: Bansa Santander S.A. 100.00 6,533 529 - - - 529 Santander Gestión de Recaudación y Cobranzas Limitada (1) 100.00 2,184 583 - - - 583 Multinegocios S.A. 100.00 - - - - - - Servicios Administrativos y Financieros Limitada 100.00 - - - - - - Multiservicios de Negocios Limitada 100.00 - - - - - - Subtotals 8,717 1,112 - - - 1,112 Total 24,341 2,365 1,054 (251) 803 3,168 (1) Ex Santander S.A. Corredores de Bolsa, See Note1. b) The overview of the financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests is as follows, which does not include consolidation or conforming accounting policy adjustments: As of December 31, 2018 2017 2016 Net income Net income Net Assets Liabilities Capital Assets Liabilities Capital Assets Liabilities Capital income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Santander Corredora de Seguros Limitada 77,764 9,595 66,374 1,795 76,177 9,803 64,937 1,437 75,000 10,065 62,276 2,659 Santander Corredores de Bolsa Limitada 102,228 57,999 42,691 1,538 88,711 45,855 41,424 1,432 86,473 45,724 38,356 2,393 Santander Agente de Valores Limitada 50,552 71 40,177 10,304 44,910 4,732 26,569 13,609 54,486 3,666 38,851 11,969 Santander S.A. Sociedad Securitizadora 704 66 728 (90) 400 50 432 (82) 509 77 512 (80) Santander Gestión de Recaudación y Cobranzas Ltda. 6,932 3,155 2,925 852 10,826 7,901 2,184 741 8,547 6,363 1,602 582 Bansa Santander S.A. 20,437 386 17,401 2,650 25,535 8,134 6,533 10,868 31,301 24,768 6,004 529 Total 258,617 71,272 170,296 17,049 246,559 76,475 142,079 28,005 256,316 90,663 147,601 18,052 |
INTEREST INCOME
INTEREST INCOME | 12 Months Ended |
Dec. 31, 2018 | |
Interest Income | |
INTEREST INCOME | NOTE 27 INTEREST INCOME This item refers to interest earned in the period from the financial assets whose return, whether implicitly or explicitly, is determined by applying the effective interest rate method, regardless of the value at fair value, as well as the effect of hedge accounting (see c). a) For the years ended December 31, 2018, 2017 and 2016 the income from interest, was attributable to the following items: For the years ended December 31, 2018 2017 2016 Interest Inflation adjustments Prepaid fees Total Interest Inflation adjustments Prepaid fees Total Interest Inflation adjustments Prepaid fees Total Items MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Resale agreements 903 - - 903 939 - - 939 1,488 - - 1,488 Interbank loans 897 - - 897 969 - - 969 295 - - 295 Commercial loans 771,405 153,851 11,008 936,264 752,013 85,389 10,525 847,927 742,432 130,904 7,659 880,995 Mortgage loans 330,055 266,691 909 597,655 320,041 149,303 414 469,758 304,116 228,081 7,012 539,209 Consumer loans 579,929 439 6,166 586,534 612,932 363 4,738 618,033 604,152 660 4,318 609,130 Investment instruments 75,423 24,790 - 100,213 74,000 5,797 - 79,797 75,808 2,916 - 78,724 Other interest income 16,644 4,013 - 20,657 12,172 1,538 - 13,710 11,136 2,445 - 13,581 Interest income not including income from hedge accounting 1,775,256 449,784 18,083 2,243,123 1,773,066 242,390 15,677 2,031,133 1,739,427 365,006 18,989 2,123,422 b) For the years ended December 31, 2018, 2017 and 2016, the expense from interest expense, excluding expense from hedge accounting, is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation adjustments Total Interest Inflation adjustments Total Interest Inflation adjustments Total Items MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Demand deposits (14,914) (1,371) (16,285) (13,851) (695) (14,546) (16,003) (1,043) (17,046) Repurchase agreements (6,439) - (6,439) (6,514) - (6,514) (2,822) - (2,822) Time deposits and liabilities (317,061) (35,284) (352,345) (341,821) (20,509) (362,330) (399,720) (38,946) (438,666) Interbank loans (39,971) - (39,971) (26,805) - (26,805) (19,803) - (19,803) Issued debt instruments (241,455) (133,227) (374,682) (220,027) (76,170) (296,197) (197,973) (105,452) (303,425) Other financial liabilities (2,698) (110) (2,808) (2,946) (303) (3,249) (3,008) (781) (3,789) Other interest expense (6,929) (10,497) (17,426) (5,236) (4,973) (10,209) (5,211) (8,874) (14,085) Interest expense not including expenses from hedge accounting (629,467) (180,489) (809,956) (617,200) (102,650) (719,850) (644,540) (155,096) (799,636) c) For the years ended December 31, 2018 2017 2016 Items MCh$ MCh$ MCh$ Interest income not including income from hedge accounting 2,243,123 2,031,133 2,123,422 Interest expense not including expense from hedge accounting (809,956) (719,850) (799,636) Net Interest income (expense) from hedge accounting 1,433,167 1,311,283 1,323,786 Hedge accounting (net) (18,799) 15,408 (42,420) Total net interest income 1,414,368 1,326,691 1,281,366 |
FEES AND COMMISSIONS
FEES AND COMMISSIONS | 12 Months Ended |
Dec. 31, 2018 | |
Fees And Commissions | |
FEES AND COMMISSIONS | NOTE 28 FEES AND COMMISSIONS This item includes the amount of fees earned and paid during the year, except for those which are an integral part of the financial instrument’s effective interest rate: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fee and commission income Fees and commissions for lines of credits and overdrafts 6,624 7,413 5,754 Fees and commissions for guarantees and letters of credit 33,654 33,882 35,911 Fees and commissions for card services 218,903 201,791 195,566 Fees and commissions for management of accounts 33,865 31,901 31,540 Fees and commissions for collections and payments 40,077 44,312 31,376 Fees and commissions for intermediation and management of securities 10,147 10,090 9,304 Insurance brokerage fees 39,949 36,430 40,882 Office banking 15,921 15,669 14,145 Fees for other services rendered 45,633 43,123 38,038 Other fees earned 39,690 30,947 28,668 Total 484,463 455,558 431,184 For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fee and commission expense Compensation for card operation (163,794) (149,809) (143,509) Fees and commissions for securities transactions (936) (858) (946) Office banking (4,096) (15,283) (14,671) Other fees (24,752) (10,545) (17,634) Total (193,578) (176,495) (176,760) Net fees and commissions income 290,885 279,063 254,424 The fees earned in transactions with letters of credit are presented in the Consolidated Statements of Income in the line item “Interest income”, The income and expenses for the commissions of the business segments are presented below and the calendar for the recognition of income from ordinary activities is opened. Segments Revenue recognition calendar for ordinary activities As of December 31, 2018 Individuals and PYMEs Companies and Institutions Global Corporate Banking Others Total Transferred over time Transferred at a point in time Accrual model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commission income Commissions for lines of credit and overdrafts 5,901 271 453 (1) 6,624 6,624 - - Commissions for guarantees and letters of credit 11,099 16,258 6,239 58 33,654 33,654 - - Commissions for card services 211,615 6,193 1,036 59 218,903 34,856 184,047 - Commissions for account management 30,386 2,678 799 2 33,865 33,865 - - Commissions for collections, collections and payments 66,780 1,693 458 (28,854) 40,077 - 15,719 24,358 Commissions for intermediation and management of values 4,050 134 7,221 (1,258) 10,147 - 10,147 - Remuneration for insurance commercialization - - - 39,949 39,949 - - 39,949 Office banking 11,420 3,893 608 - 15,921 - 15,921 - Other remuneration for services rendered 40,901 3,833 819 80 45,633 - 45,633 - Other commissions earned 6,908 9,743 23,320 (281) 39,690 - 39,690 - Total 389,060 44,696 40,953 9,754 484,463 108,999 311,157 64,307 Commission expenses Remuneration for card operation (159,817) (3,186) (134) (657) (163,794) - (163,794) - Commissions per transaction with securities (169) (3) (419) (345) (936) - (936) - Office banking (2,374) (985) (722) (15) (4,096) - (4,096) - Other commissions (6,168) (3,776) (4,614) (10,194) (24,752) - (24,752 ) - Total (168,528) (7,950) (5,889) (11,211) (193,578) - (193,578) - Total Net commission income and expenses 220,532 36,746 35,064 (1,457) 290,885 108,999 117,579 64,307 |
NET INCOME (EXPENSE) FROM FINAN
NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS | 12 Months Ended |
Dec. 31, 2018 | |
Net Income Expense From Financial Operations | |
NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS | NOTE 29 NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS In accordance with the IFRS 9 and IFRS 7 disclosure , the detail of income (expense) from financial operations is as follows: For the years ended December 31, 2018 MCh$ Net gains on trading derivatives 38,217 Net gains on financial assets at fair value through profit or loss 9,393 Net gains on derecognition of financial assets measured at amortised cost 8,479 Sale of loans and accounts receivables from customers Current portfolio (309) Charged-off portfolio 709 Repurchase of issued bonds (*) (840) Other income (expense) from financial operations (2,475) Total income (expense) 53,174 (*) The disclosure for the years December 31, 2017 and 2016, the detail of income (expense) from financial operations is as follows: For the years ended December 31, 2017 2016 MCh$ MCh$ Income (expense) from financial operations Trading derivatives (18,974) (395,209) Trading investments 10,008 18,229 Sale of loans and accounts receivables from customers Current portfolio 3,020 1,469 Charged-off portfolio 3,020 2,720 Available for sale investments 8,956 14,598 Repurchase of issued bonds (*) (742) (8,630) Other income (expense) from financial operations (2,492) (211) Total income (expense) 2,796 (367,034) |
NET FOREIGN EXCHANGE GAIN (LOSS
NET FOREIGN EXCHANGE GAIN (LOSS) | 12 Months Ended |
Dec. 31, 2018 | |
Net Foreign Exchange Gain | |
NET FOREIGN EXCHANGE GAIN (LOSS) | NOTE 30 NET FOREIGN EXCHANGE GAIN (LOSS) Net foreign exchange income includes the income earned from foreign currency trading, differences arising from converting monetary items in a foreign currency to the functional currency, and those generated by non-monetary assets in a foreign currency at the time of their sale. For the years ended December 31, 2018, 2017 and 2016 net foreign exchange income is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Net profit (loss) from currency exchange differences (212,618) 113,115 116,117 Hedging derivatives 252,275 22,933 399,875 Income from assets indexed to foreign currency 12,251 (9,190) (8,745) Income from liabilities indexed to foreign currency - 98 145 Total 51,908 126,956 507,392 |
EXPECTED CREDIT LOSSESS ALLOWAN
EXPECTED CREDIT LOSSESS ALLOWANCE | 12 Months Ended |
Dec. 31, 2018 | |
Expected Credit Lossess Allowance | |
EXPECTED CREDIT LOSSESS ALLOWANCE | NOTE 31 EXPECTED CREDIT LOSSESS ALLOWANCE I. Expected credit losses (ECL) allowance – under IFRS 9 As of December 31, 2018, under the new credit risk model established by IFRS 9 the ECL allowance by stage recorded at income statements is as follows: For the year ended December 31, 2018 Stage1 Stage2 Stage3 TOTAL Individual Collective Individual Collective Individual Collective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans 79 5,652 (2,891) (1,533) (96,131) (47,959) (142,782) Mortgage loans - 5,583 - 5,161 - 3,375 14,119 Consumer loans - 1,861 - 192 - (191,304) (189,251) Contingent loans (90) 1,214 11 (68) (225) (834) 9 Loans and account receivable at FVOCI 363 - 68 - - - 431 Debt at FVOCI - 66 - - - - 66 Total 353 14,376 (2,811) 3,752 (96,356) (236,722) (317,408) II. Provision for loan losses – under IAS 39 Loans and accounts receivable from customers Total For the year ended December 31, 2017 Interbank loans Individual Commercial loans Mortgage loans Consumer loans Contingent loans Individual Group Group Group Individual Group MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Charged-off individually significant loans - (15,699) - - - - - (15,699) Provisions established (307) (64,658) (148,681) (43,621) (252,038) (3,117) (4,224) (516,646) Total provisions and charge-offs (307) (80,357) (148,681) (43,621) (252,038) (3,117) (4,224) (532,345) Provisions released 3,970 55,925 20,491 11,427 46,089 7,001 1,660 146,563 Recovery of loans previously charged off - 11,114 21,499 10,942 39,972 - - 83,527 Net charge to income 3,663 (13,318) (106,691) (21,252) (165,977) 3,884 (2,564) (302,255) Loans and accounts receivable from customers Total For the year ended December 31, 2016 Interbank loans Individual Commercial loans Mortgage loans Consumer loans Contingent loans Individual Group Group Group Individual Group MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Charged-off individually significant loans - (11,222) - - - - - (11,222) Provisions established (3,052) (61,002) (133,855) (50,892) (280,544) (11,986) (2,909) (544,240) Total provisions and charge-offs (3,052) (72,224) (133,855) (50,892) (280,544) (11,986) (2,909) (555,462) Provisions released 83 43,183 14,432 34,246 30,790 6,963 5,384 135,081 Recovery of loans previously charged off - 11,142 16,043 10,041 41,072 - - 78,298 Net charge to income (2,969) (17,899) (103,380) (6,605) (208,682) (5,023) 2,475 (342,083) b) For the years ended December 31, 2017 2016 MCh$ MCh$ Charge-off of loans 51,978 47,605 Provision applied (36,279) (36,383) Net charge offs of individually significant loans 15,699 11,222 |
PERSONNEL SALARIES AND EXPENSES
PERSONNEL SALARIES AND EXPENSES | 12 Months Ended |
Dec. 31, 2018 | |
Personnel Salaries And Expenses | |
PERSONNEL SALARIES AND EXPENSES | NOTE 32 PERSONNEL SALARIES AND EXPENSES For the years ended December 31, 2018, 2017 and 2016, the composition of personnel salaries and expenses is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation 259,354 250,962 249,703 Bonuses or gratifications 72,728 75,181 77,649 Stock-based benefits (337) 2,752 331 Seniority compensation 21,869 26,120 26,263 Pension plans 1,069 2,039 (150) Training expenses 3,782 2,867 2,835 Day care and kindergarten 2,778 2,505 3,072 Health funds - 4,748 4,777 Welfare funds 6,040 896 806 Other personnel expenses 30,281 28,897 29,847 Total 397,564 396,967 395,133 |
ADMINISTRATIVE EXPENSES
ADMINISTRATIVE EXPENSES | 12 Months Ended |
Dec. 31, 2018 | |
Administrative Expenses | |
ADMINISTRATIVE EXPENSES | NOTE 33 ADMINISTRATIVE EXPENSES For the years ended December 31, 2018, 2017 and 2016, the composition of the item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ General administrative expenses 145,241 139,418 138,974 Maintenance and repair of property, plant and equipment 20,962 21,359 19,901 Office lease 29,761 26,136 28,098 Equipment lease 55 96 280 Insurance payments 3,439 3,354 3,842 Office supplies 5,070 6,862 5,747 IT and communication expenses 44,209 39,103 37,351 Heating, and other utilities 4,849 5,468 4,863 Security and valuables transport services 12,168 12,181 14,793 Representation and personnel travel expenses 3,444 4,262 5,440 Judicial and notarial expenses 1,148 974 952 Fees for technical reports and auditing 10,020 9,379 7,631 Other general administrative expenses 10,116 10,244 10,076 Outsourced services 65,358 57,400 55,757 Data processing 32,360 34,880 36,068 Products sale - - Archive services 3,401 3,324 4,427 Valuation services 3,167 2,419 3,489 Outsourcing 9,936 6,878 5,404 Other 16,494 9,899 6,369 Board expenses 1,297 1,290 1,371 Marketing expenses 19,286 18,877 17,844 Taxes, payroll taxes, and contributions 13,907 13,118 12,467 Real estate taxes 1,730 1,443 1,435 Patents 1,896 1,646 1,618 Other taxes 7 24 93 Contributions to SBIF 10,274 10,005 9,321 Total 245,089 230,103 226,413 |
DEPRECIATION, AMORTIZATION, AND
DEPRECIATION, AMORTIZATION, AND IMPAIRMENT | 12 Months Ended |
Dec. 31, 2018 | |
Depreciation Amortization And Impairment | |
DEPRECIATION, AMORTIZATION, AND IMPAIRMENT | NOTE 34 DEPRECIATION, AMORTIZATION, AND IMPAIRMENT Depreciation, amortization and impairment charges for the years ended December 31, 2018, 2017 and 2016, are detailed below: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Depreciation and amortization Depreciation of property, plant, and equipment (54,987) (55,623) (45,025) Amortization of Intangible assets (24,293) (22,200) (20,334) Total depreciation and amortization (79,280) (77,823) (65,359) Impairment of property, plant, and equipment (39) (354) (234) Impairment of intangibles - (5,290) - Total (79,319) (83,467) (65,593) As of December 31, 2018, the equipment impairment totaled Ch$39 million(Ch$354 million as of December 31, 2017 and Ch$234 million as of December 31, 2016), mainly due to damages to ATMs. |
OTHER OPERATING INCOME AND EXPE
OTHER OPERATING INCOME AND EXPENSES | 12 Months Ended |
Dec. 31, 2018 | |
Other Operating Income And Expenses | |
OTHER OPERATING INCOME AND EXPENSES | NOTE 35 OTHER OPERATING INCOME AND EXPENSES a) Other operating income is comprised of the following components: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income from assets received in lieu of payment 7,106 3,330 1,663 Income from sale of investments in other companies - - - Release of contingencies provisions (1) 12,020 29,903 - Other income 4,003 28,783 4,764 Leases 222 264 519 Income from sale of property, plant and equipment (2) 2,490 23,229 2,017 Recovery of provisions for contingencies - - - Compensation from insurance companies due to damages 144 1,237 1,530 Other 1,147 4,053 698 Total 23,129 62,016 6,427 (1) (2) stated in Note N°26. b) Other operating expenses are detailed as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Allowances and expenses for assets received in lieu of payment 2,537 5,591 11,416 Provision on assets received in lieu of payment 816 3,912 9,246 Expenses for maintenance of assets received in lieu of payment 1,721 1,679 2,170 Credit card expenses 3,151 3,070 3,636 Customer services 3,635 2,563 3,734 Other expenses 23,019 57,189 50,116 Operating charge-offs 798 1,607 6,146 Life insurance and general product insurance policies 9,964 23,475 18,393 Additional tax on expenses paid overseas - - 142 Provisions for contingencies 21 - 4,238 Retail association payment 898 912 - Other 11,338 31,195 21,197 Total 32,342 68,413 68,902 |
TRANSACTIONS WITH RELATED PARTI
TRANSACTIONS WITH RELATED PARTIES | 12 Months Ended |
Dec. 31, 2018 | |
Transactions With Related Parties | |
TRANSACTIONS WITH RELATED PARTIES | NOTE 36 TRANSACTIONS WITH RELATED PARTIES In addition to affiliates and associated entities, the Bank’s “related parties” include its “key personnel” from the executive staff (members of the Bank’s Board of Directors and Managers of Banco Santander Chile and its affiliates, together with their close relatives), as well as the entities over which the key personnel could exercise significant influence or control, The Bank also considers the companies that are part of the Santander Group worldwide as related parties, given that all of them have a common parent, i,e,, Banco Santander S,A, (located in Spain), Transactions between the Bank and its related parties are specified below, To facilitate comprehension, we have divided the information into four categories: Santander Group Companies This category includes all the companies that are controlled by the Santander Group around the world, and hence, it also includes the companies over which the Bank exercises any degree of control (affiliates and special-purpose entities), Associated companies This category includes the entities over which the Bank, in accordance with section b) of Note 1 to these Financial Statements, exercises a significant degree of influence and which generally belong to the group of entities known as “business support companies,” Key personnel This category includes members of the Bank’s Board of Directors and managers of Banco Santander Chile and its affiliates, together with their close relatives, Other This category encompasses the related parties that are not included in the groups identified above and which are, in general, entities over which the key personnel could exercise significant influence or control, The terms for transactions with related parties are equivalent to those which prevail in transactions made under market conditions or to which the corresponding considerations in kind have been attributed, a) Loans to related parties: Below are loans and accounts receivable as well as contingent loans that correspond to related entities: As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable: Commercial loans 122,289 459 4,299 233 80,076 771 3,947 7,793 81,687 533 4,595 7,100 Mortgage loans - - 18,814 - - - 18,796 - - - 18,046 - Consumer loans - - 5,335 - - - 4,310 - - - 3,783 - Loans and accounts receivable: 122,289 459 28,448 233 80,076 771 27,053 7,793 81,687 533 26,424 7,100 Allowance for loan losses (308) (9) (116) (5) (209) (9) (177) (18) (209) (35) (87) (34) Net loans 121,981 450 28,332 228 79,867 762 26,876 7,775 81,478 498 26,337 7,066 Guarantees 442,854 - 22,893 7,171 361,452 - 23,868 7,164 434,141 - 23,636 5,486 Contingent loans: Personal guarantees - - - - - - - - - - - - Letters of credit 5,392 - 2,060 44 19,251 - - 33 27,268 - - - Guarantees 445,064 - 3,364 - 377,578 - - - 437,101 - - - Contingent loans: 450,456 - 5,424 44 396,829 - - 33 464,369 - - - Allowance for contingent loans (1) - (18) - (4) - - 1 (5) - - - Net contingent loans 450,455 - 5,406 44 396,825 - - 34 464,364 - - - Loan activity to related parties during 2018, 2017 and 2016 is shown below: As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key Personnel Other Companies of the Group Associated companies Key Personnel Other Companies of the Group Associated companies Key Personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 476,906 771 27,051 7,826 546,058 532 26,423 7,100 616,968 565 28,675 1,966 Loans granted 200,657 39 16,574 773 78,214 318 7,777 1,050 122,729 203 8,580 6,808 Loans payments (104,818) (351) (9,754) (700) (147,366) (79) (7,149) (324) (193,189) (236) (10,832) (1,674) Total 572,745 459 33,871 7,899 476,906 771 27,051 7,826 546,508 532 26,423 7,100 b) Assets and liabilities with related parties As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 189,803 - - - 74,949 - - - 187,701 - - - Trading investments - - - - - - - - - - - - Obligations under repurchase agreements Loans - - - - - - - - - - - - Financial derivative contracts 748,632 105,358 - 9 545,028 86,011 - - 742,851 33,433 - - Available for sale investments - - - - - - - - - - - - Other assets 38,960 51,842 - - 8,480 118,136 - - 4,711 67,454 - - Liabilities Deposits and other demand liabilities 27,515 (21,577) 2,493 (480) 24,776 25,805 2,470 221 6,988 7,141 2,883 630 Obligations under repurchase agreements Loans 6,501 - 329 68 50,945 - - - 56,167 - - - Time deposits and other time liabilities 2,585,337 - 3,189 (838) 785,988 27,968 3,703 3,504 1,545,835 6,219 2,525 2,205 Financial derivative contracts 770,624 112,523 - - 418,647 142,750 - 7,190 954,575 54,691 - - Interbank borrowing - - - - - - - - 6,165 - - - Issued debt instruments 335,443 - - - 482,626 - - - 484,548 - - - Other financial liabilities 6,807 - - - 4,919 - - - 8,970 - - - Other liabilities 60,884 89,817 - - 164,303 58,168 - - 446 44,329 - - c) Income (expense) recorded due to transactions with related parties For the years ended December 31, 2018 2017 2016 Companies of the Group Associated Companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated Companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income (expense) recorded Interest income and inflation-indexation adjustments (53,256) (156) 1,252 508 (43,892) - 1,051 - (39,279) 40 1,164 115 Fee and commission income and expenses 91,178 7,826 305 22 72,273 15,404 224 1 56,952 22,322 204 20 Net income (expense) from financial operations and net foreign exchange gain (loss) (*) (566,677) 65,727 27 (12) 363,108 (48,453) (3) 19 (343,963) (48,373) (88) 2 Other operating income and expenses 42 1,388 - - 21,670 (1,454) - - 931 (2,239) - - Key personnel compensation and expenses - - (11,761) - - - (43,037) - - - (37,328) - Administrative and other expenses (43,035) (50,764) - - (48,246) (47,220) - - (35,554) (43,115) - - Total (571,748) 24,021 (10,177) 518 364,913 (81,723) (41,765) 20 (360,913) (71,365) (36,048) 137 (*) Primarily relates to derivative contracts used to financially cover exchange risk of assets and liabilities that cover positions of the Bank and its subsidiaries, d) Payments to Board members and key management personnel The compensation received by key management personnel, including Board members and all the executives holding manager positions shown in the “Personnel salaries and expenses” and/or “Administrative expenses” items of the Consolidated Statement of Income, corresponds to the following categories: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation 12,878 16,863 17,493 Board members’ salaries and expenses 913 1,199 1,269 Bonuses or gratifications 11,920 16,057 14,404 Compensation in stock 146 1,923 331 Training expenses 163 68 161 Seniority compensation 1,133 3,842 2,619 Health funds 215 273 285 Other personnel expenses 681 773 916 Pension plans (*) 872 2,039 (150) Total 28,921 43,037 37,328 (*)Some of the executives that qualified for this benefit left the Group for different reasons, without complying with the requirements to receive the benefit, therefore the obligation amount decreased, which generated the reversal of provisions, e) Composition of key personnel As of December 31, 2018, 2017 and 2016, the composition of theBank’s key personnel is as follows: Position No, of executives As of December 31, 2018 2017 2016 Director 11 11 13 Division manager 12 13 17 Manager 108 109 137 Total key personnel 131 133 167 |
PENSION PLANS
PENSION PLANS | 12 Months Ended |
Dec. 31, 2018 | |
Pension Plans | |
PENSION PLANS | NOTE 37 PENSION PLANS The Bank has an additional benefit available to its principal executives, consisting of a pension plan. The purpose of the pension plan is to endow the executives with funds for a better supplementary pension upon their retirement. For this purpose, the Bank will match the voluntary contributions made by the beneficiaries for their future pensions with an equivalent contribution. The executives will be entitled to receive this benefit only when they fulfill the following conditions: a. Aimed at the Bank’s management b. The general requisite to apply for this benefit is that the employee must be carrying out his/her duties when turning 60 years old c. The Bank will create a pension fund, with life insurance, for each beneficiary in the plan, Periodic contributions into this fund are made by the manager and matched by the Bank d. The Bank will be responsible for granting the benefits directly If the working relationship between the manager and the respective company ends, before s/he fulfills the abovementioned requirements, s/he will have no rights under this benefit plan. In the event of the executive’s death or total or partial disability, s/he will be entitled to receive this benefit. The Bank will make contributions to this benefit plan on the basis of mixed collective insurance policies whose beneficiary is the Bank. The life insurance company with whom such policies are executed is not an entity linked or related to the Bank or any other Santander Group company. Plan Assets owned by the Bank at the end of 2018 totaled Ch$6,804 million (Ch$7,919 million in 2017). The amount of the defined benefit plans has been quantified by the Bank, based on the following criteria: Calculation method: Use of the projected unit credit method which considers each working year as generating an additional amount of rights over benefits and values each unit separately. It is calculated based primarily on fund contributions, as well as other factors such as the legal annual pension limit, seniority, age and yearly income for each unit valued individually. Assets related to the pension fund contributed by the Bank into the Seguros Euroamérica insurance company with respect to defined benefit plans are presented as net of associated commitments. Actuarial hypothesis assumptions: Actuarial assumptions with respect to demographic and financial variables are non-biased and mutually compatible with each other. The most significant actuarial hypotheses considered in the calculations were: Plans post-employment Plans post- employment 2018 2017 Mortality chart RV-2014 RV-2014 Termination of contract rates 5,0% 5,0% Impairment chart PDT 1985 PDT 1985 Activity for post-employment benefits is as follows: As of December 31, 2018 2017 MCh$ MCh$ Plan assets 6,804 7,919 Commitments for defined-benefit plans For active personnel (5,958) (6,998) Incurred by inactive personnel - - Minus: Unrealized actuarial (gain) losses - - Balances at year end 846 921 Year’s cash flow for post-employment benefits is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ a) Fair value of plan assets Opening balance 7,919 6,612 6,945 Expected yield of insurance contracts 353 307 335 Employer contributions 836 1,931 886 Actuarial (gain) losses - - - Premiums paid - - - Benefits paid (2,304) (931) (1,554) Fair value of plan assets at year end 6,804 7,919 6,612 b) Present value of obligations Present value of obligations opening balance (6,998) (4,975) (5,070) Net incorporation of Group companies - - - Service cost (1,069) (2,039) 150 Interest cost - - - Curtailment/settlement effect - - - Benefits paid - - - Past service cost - - - Actuarial (gain) losses - - - Other 2,109 16 (55) Present value of obligations at year end (5,958) (6,998) (4,975) Net balance at year end 846 921 1,637 Plan expected profit: As of December 31, 2018 2017 2016 Type of expected yield from the plan’s assets UF + 2.50% annual UF + 2.50% annual UF + 2.50% annual Type of yield expected from the reimbursement rights UF + 2.50% annual UF + 2.50% annual UF + 2.50% annual Plan associated expenses: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Current period service expenses 1,069 2,039 (150) Interest cost - - - Expected yield from plan’s assets (353) (307) (335) Expected yield of insurance contracts linked to the Plan: - Extraordinary allocations - - - Actuarial (gain)/ losses recorded in the period - - - Past service cost - - - Other - - - Total 716 1,732 (485) |
FAIR VALUE OF FINANCIAL ASSETS
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Of Financial Assets And Liabilities | |
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES | FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, The measurement of fair value assumes the sale transaction of an asset or the transference of the liability happens within the main asset or liability market, or the most advantageous market for the asset or liability. For financial instruments with no available market prices, fair values have been estimated by using recent transactions in analogous instruments, and in the absence thereof, the present values or other valuation techniques based on mathematical valuation models sufficiently accepted by the international financial community, In the use of these models, consideration is given to the specific particularities of the asset or liability to be valued, and especially to the different kinds of risks associated with the asset or liability. These techniques are significantly influenced by the assumptions used, including the discount rate, the estimates of future cash flows and prepayment expectations, Hence, the fair value estimated for an asset or liability may not coincide exactly with the price at which that asset or liability could be delivered or settled on the date of its valuation, and may not be justified in comparison with independent markets. Except as detailed in the following table, management considers that the carrying amounts of financial assets and financial liabilities recognised in the consolidated financial statements approximate their fair values. Determination of fair value of financial instruments Below is a comparison between the value at which the Bank’s financial assets and liabilities are recorded and their fair value as of December 31, 2018 and 2017: As of December 31, 2018 2017 Book value Fair value Book value Fair value MCh$ MCh$ MCh$ MCh$ Assets Trading investment - - 485,736 485,736 Loans and account receivable from customers and interbank loans, net - - 26,934,757 28,518,929 Available for sale investment - - 2,574,546 2,574,546 Financial derivative contracts 3,100,635 3,100,635 2,238,647 2,238,647 Financial assets held for trading 77,041 77,041 - - Loans and accounts receivable at amortised cost, net 29,331,001 30,575,611 - - Loans and accounts receivable at fvoci, net 68,588 68,588 - - Debt instrument at FVOCI 2,394,323 2,394,323 - - Guarantee deposits (margin accounts) 170,232 170,232 323,767 323,767 Liabilities Deposits and interbank borrowings 23,597,863 23,770,106 21,380,468 20,887,959 Financial derivative contracts 2,517,728 2,517,728 2,139,488 2,139,488 Issued debt instruments and other financial liabilities 8,330,633 8,605,135 7,335,683 7,487,591 Guarantees received (margin accounts) 371,512 371,512 408,313 408,313 The fair value approximates the carrying amount of the following line items due to their short-term nature: cash and deposits-banks, cash items in process of collection and investments under resale or repurchase agreements. In addition, the fair value estimates presented above do not attempt to estimate the value of the Bank’s profits generated by its business activity, nor its future activities, and accordingly, they do not represent the Bank’s value as a going concern. Below is a detail of the methods used to estimate the financial instruments’ fair value. a) Financial assets held for trading and Debt instruments at FVOCI / Trading investment and available for sale instruments The estimated fair value of these financial instruments was established using market values or estimates from an available dealer, or quoted market prices of similar financial instruments. Investments are evaluated at recorded value since they are considered as having a fair value not significantly different from their recorded value. To estimate the fair value of debt investments or representative values in these lines of businesses, we take into consideration additional variables and elements, as long as they apply, including the estimate of prepayment rates and credit risk of issuers. b) Loans and accounts receivable at amortised cost / Loans and account receivable from customers and interbank loans Fair value of commercial, mortgage and consumer loans and credit cards is measured through a discounted cash flow (DCF) analysis, To do so, we use current market interest rates considering product, term, amount and similar loan quality, Fair value of loans with 90 days or more of delinquency are measured by means of the market value of the associated guarantee, minus the rate and term of expected payment, For variable rate loans whose interest rates change frequently (monthly or quarterly) and that are not subjected to any significant credit risk change, the estimated fair value is based on their book value. c) Deposits Disclosed fair value of deposits that do not bear interest and saving accounts is the amount payable at the reporting date and, therefore, equals the recorded amount, Fair value of time deposits is calculated through a discounted cash flow calculation that applies current interest rates from a monthly calendar of scheduled maturities in the market. d) Short and long term issued debt instruments The fair value of these financial instruments is calculated by using a discounted cash flow analysis based on the current incremental lending rates for similar types of loans having similar maturities. e) Financial derivative contracts The estimated fair value of financial derivative contracts is calculated using the prices quoted on the market for financial instruments having similar characteristics. The fair value of interest rate swaps represents the estimated amount that the Bank determines as exit price in accordance with IFRS 13. If there are no quoted prices from the market (either direct or indirect) for any derivative instrument, the respective fair value estimates have been calculated by using models and valuation techniques such as Black-Scholes, Hull, and Monte Carlo simulations, taking into consideration the relevant inputs/outputs such as volatility of options, observable correlations between underlying assets, counterparty credit risk, implicit price volatility, the velocity with which the volatility reverts to its average value, and the straight-line relationship (correlation) between the value of a market variable and its volatility, among others. Measurement of fair value and hierarchy IFRS 13 - Fair Value Measurement, provides a hierarchy of reasonable values which separates the inputs and/or valuation technique assumptions used to measure the fair value of financial instruments, The hierarchy reflects the significance of the inputs used in making the measurement, The three levels of the hierarchy of fair values are the following: ● Level 1: the inputs are quoted prices (unadjusted) on active markets for identical assets and liabilities that the Bank can access on the measurement date ● Level 2: inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly ● Level 3: inputs are unobservable inputs for the asset or liability i,e, they are not based on observable market data The hierarchy level within which the fair value measurement is categorized in its entirety is determined based on the lowest level of input that is significant to the fair value measurement in its entirety. The best evidence of a financial instrument’s fair value at the initial time is the transaction price. In cases where quoted market prices cannot be observed, Management makes its best estimate of the price that the market would set using its own internal models which in most cases use data based on observable market parameters as a significant input (Level 2) and, in very specific cases, significant inputs not observable in market data (Level 3), Various techniques are employed to make these estimates, including the extrapolation of observable market data. Financial instruments at fair value and determined by quotations published in active markets (Level 1) include: - Chilean Government and Department of Treasury bonds - U.S. Treasury Bonds Instruments which cannot be 100% observable in the market are valued according to other inputs observable in the market (Level 2). The following financial instruments are classified under Level 2: Type of financial instrument Model used in valuation Description of unobservable inputs ● Mortgage and private bonds Present Value of Cash Flows Model Internal Rates of Return (“IRRs”) are provided by RiskAmerica, according to the following criterion: If, at the valuation day, there are one or more valid transactions at the Santiago Stock Exchange for a given nemotechnic, the reported rate is the weighted average amount of the observed rates, In the case there are no valid transactions for a given mnemonic on the valuation day, the reported rate is the IRR base from a reference structure, plus a spread model based on historical spread for the same item or similar ones, ● Time deposits Present Value of Cash Flows Model IRRs are provided by RiskAmerica, according to the following criterion: If, at the valuation day, there are one or more valid transactions at the Santiago Stock Exchange for a given mnemonic, the reported rate is the weighted average amount of the observed rates, In the case there are no valid transactions for a given mnemonic on the valuation day, the reported rate is the IRR base from a reference structure, plus a spread model based on issuer curves, ● Constant Maturity Swaps (CMS), FX and Inflation Forward (Fwd) , Cross Currency Swaps (CCS), Interest Rate Swap (IRS) Present Value of Cash Flows Model IRRs are provided by ICAP, GFI, Tradition, and Bloomberg according to this criterion: With published market prices, a valuation curve is created by the bootstrapping method and is then used to value different derivative instruments, ● FX Options Black-Scholes Formula adjusted by the volatility simile (implicit volatility), Prices (volatility) are provided by BGC Partners, according to this criterion: With published market prices, a volatility parameter is created by interpolation and then these volatilities are used to value options, In limited occasions significant inputs not observable in market data are used (Level 3), To carry out this estimate, several techniques are used, including extrapolation of observable market data or a mix of observable data. The following financial instruments are classified under Level 3: Type of financial instrument Model used in valuation Description of no observable inputs ● Caps/ Floors/ Swaptions Black Normal Model for Cap/Floors and Swaptions There is no observable input of implicit volatility, ● UF options Black – Scholes There is no observable input of implicit volatility, ● Cross currency swap with window Hull-White Hybrid HW model for rates and Brownian motion for FX There is no observable input of implicit volatility, ● CCS (special contracts) Implicit Forward Rate Agreement (FRA) Start Fwd unsupported by MUREX (platform) due to the UF forward estimate, ● Cross currency swap, Interest rate swap, Call money swap in Tasa Activa Bancaria (Active Bank Rate) TAB, Present Value of Cash Flows Model Validation obtained by using the interest curve and interpolating flow maturities, but TAB is not a directly observable variable and is not correlated to any market input, ● Bonds (in our case, low liquidity bonds) Present Value of Cash Flows Model Valued by using similar instrument prices plus a charge-off rate by liquidity, The Bank does not believe that any change in unobservable inputs with respect to level 3 instruments would result in a significantly different fair value measurement. The following table presents the assets and liabilities that are measured at fair value on a recurrent basis: Fair value measurement As of December 31, 2018 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Financial assets held for trading 77,041 71,158 5,883 - Debt instruments at FVOCI 2,394,323 2,368,768 24,920 635 Derivatives 3,100,635 - 3,089,077 11,558 Guarantee deposits (margin accounts) 170,232 - 170,232 - Total 5,742,231 2,439,926 3,290,112 12,193 Liabilities Derivatives 2,517,728 - 2,516,933 795 Guarantees received (margin accounts) 371,512 - 371,512 - Total 2,889,240 - 2,888,445 795 Fair value measurement As of December 31, 2017 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Trading investments 485,736 481,642 4,094 - Available for sale investments 2,574,546 2,549,226 24,674 646 Derivatives 2,238,647 - 2,216,306 22,341 Guarantee deposits (margin accounts) 323,767 323,767 - - Total 5,622,696 3,354,635 2,245,074 22,987 Liabilities Derivatives 2,139,488 - 2,139,481 7 Guarantees received (margin accounts) 408,313 408,313 - - Total 2,547,801 408,313 2,139,481 7 The following table presents assets or liabilities which are not measured at fair value in the statement of financial position but for which the fair value is disclosed: Fair value measurement As of December 31, 2018 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Loans and accounts receivable at amortised cost, net 30,575,611 - - 30,575,611 Total 30,575,611 - - 30,575,611 Liabilities Deposits and interbank borrowings 23,770,106 - 23,770,106 - I ssued debt instruments and other financial liabilities 8,605,135 - 8,605,135 - Total 32,375,241 - 32,375,241 - Fair value measurement As of December 31, 2017 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Loans and accounts receivable from customers and interbank loans, net 28,518,929 - - 28,518,929 Total 28,518,929 - - 28,518,929 Liabilities Deposits and interbank borrowings 20,887,959 - 20,887,959 - I ssued debt instruments and other financial liabilities 7,487,591 - 7,487,591 - Total 28,375,550 - 28,375,550 - The fair values of others assets and other liabilities approximate their carrying values. The methods and assumptions to estimate the fair value are defined below: - Loans and amounts due from credit institutions and from customers – Fair value are estimated for groups of loans with similar characteristics, The fair value was measured by discounting estimated cash flow using the interest rate of new contracts, That is, the future cash flow of the current loan portfolio is estimated using the contractual rates, and then the new loans spread over the risk free interest rate are incorporated to the risk free yield curve in order to calculate the loan portfolio fair value, In terms of behavior assumptions, it is important to underline that a prepayment rate is applied to the loan portfolio, thus a more realistic future cash flow is achieved. - Deposits and interbank borrowings – The fair value of deposits was calculated by discounting the difference between the cash flows on a contractual basis and current market rates for instruments with similar maturities, For variable-rate deposits, the carrying amount was considered to approximate fair value. - Issued debt instruments and other financial liabilities – The fair value of long-term loans were estimated by cash flow discounted at the interest rate offered on the market with similar terms and maturities. The valuation techniques used to estimate each level are defined in Note 1.j) There were no transfer between levels 1 and 2 for the year ended December 31, 2018 and 2017. The table below shows the effect, at December 31, 2018 and 2017, on the fair value of the main financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation, This effect was determined by a sensitivity analysis under a 1bp scenario, detailed in the following table: As of December 31, 2018 Instrument Level 3 Valuation technique Main unobservable inputs Impacts (in MCh$) Sens, -1bp Unfavorable scenario Impacts (in MCh$) Sens, +1bp Favorable scenario Derivatives Present Value method Curves on TAB (1) (2.3) 2.3 Debt instruments at FVOCI Internal rate of return method BR UF (2) - - As of December 31, 2017 Instrument Level 3 Valuation technique Main unobservable inputs Impacts (in MCh$) Sens, -1bp Unfavorable scenario Impacts (in MCh$) Sens, +1bp Favorable scenario Derivatives Present Value method Curves on TAB (1) (1.3) 1.3 Available for sale investments Internal rate of return method BR UF (2) - - (1) TAB: “Tasa Activa Bancaria” (Active Bank Rate), Average interest rates on 30, 90, 180 and 360 day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)). (2) BR: “Bonos de Reconocimiento” (Recognition Bonds), The Recognition Bond is an instrument of money provided by the State of Chile to workers who joined the new pension system, which began operating since 1981. The following table presents the Bank’s activity for assets and liabilities measured at fair value on a recurrent basis using unobserved significant inputs (Level 3) as of December 31, 2018 and 2017: Assets Liabilities MCh$ MCh$ As of January 1, 2018 22,987 7 Total realized and unrealized profits (losses) Included in statement of income (10,769) (802) Included in other comprehensive income 25 - Purchases, issuances, and loans (net) - - As of December 31, 2018 12,193 - Total profits or losses included in comprehensive income for 2018 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2017 (10,794) (802) Assets Liabilities MCh$ MCh$ As of January 1, 2017 40,034 43 Total realized and unrealized profits (losses) Included in statement of income (17,035) (36) Included in other comprehensive income (12) - Purchases, issuances, and loans (net) - - As of December 31, 2017 22,987 7 Total profits or losses included in comprehensive income for 2017 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2016 (17,047) ( 36 The realized and unrealized profits (losses) included in comprehensive income for 2018 and 2017, in the assets and liabilities measured at fair value on a recurrent basis through unobservable market data (Level 3) are recorded in the Statement of Comprehensive Income. The potential effect as of December 31, 2018 and 2017 on the valuation of assets and liabilities valued at fair value on a recurrent basis through unobservable significant inputs (level 3), generated by changes in the principal assumptions if other reasonably possible assumptions that are less or more favorable were used, is not considered by the Bank to be significant. The following tables show the financial instruments subject to compensation in accordance with IAS 32, for 2018 and 2017: As of December 2018 Linked financial instruments, compensated in balance Financial instruments Gross amounts Compensated in balance Net amount presented in balance Remains of unrelated and / or unencumbered financial instruments Amount in Statements of Financial Position Assets Ch$ Million Ch$ Million Ch$ Million Ch$ Million Financial derivative contracts 1,947,726 - 1,947,726 1,152,909 3,100,635 Investments under resale agreements - - - - - Loans and accounts receivable at amortised cost, net - - - 29,331,539 29,331,539 Total 1,947,726 - 1,947,726 30,484,448 32,432,174 Liabilities Financial derivative contracts 1,735,555 - 1,735,555 782,173 2,517,728 Investments under resale agreements 48,545 - 48,545 - 48,545 Deposits and interbank borrowings - - - 23,597,862 23,597,862 Total 1,784,100 - 1,784,100 24,380,035 26,164,135 As of December 2017 Linked financial instruments, compensated in balance Financial instruments Gross amounts Compensated in balance Net amount presented in balance Remains of unrelated and / or unencumbered financial instruments Amount in Statements of Financial Position Assets Ch$ Million Ch$ Million Ch$ Million Ch$ Million Financial derivative contracts 2,029,657 - 2,029,657 208,990 2,238,647 Obligations under repurchase agreements - - - - - Loans and accounts receivable from customers, and Interbank loans, net - - - 26,934,757 26,934,757 Total 2,029,657 - 2,029,657 27,143,747 29,173,404 Liabilities Financial derivative contracts 1,927,654 - 1,927,654 211,834 2,139,488 Investments under resale agreements 268,061 - 268,061 - 268,061 Deposits and interbank borrowings - - - 21,380,467 21,380,467 Total 2,195,715 - 2,195,715 21,592,301 23,788,016 The Bank, in order to reduce its credit exposure in its financial derivative operations, has entered into collateral contracts with its counterparties, in which it establishes the terms and conditions under which they operate, In terms collateral (received/delivered) operates when the net of the fair value of the financial instruments held exceed the thresholds defined in the respective contracts, As of December 31, 2018 As of December 31, 2017 Financial derivative contracts Assets Liability Assets Liability MM$ MM$ MM$ MM$ Financial derivative contracts with collateral agreement threshold equal to zero 2,639,835 2,133,149 1,898,220 1,773,471 Financial derivative contracts with non-zero threshold collateral agreement 344,520 262,683 221,030 316,840 Financial derivative contracts without collateral agreement 116,280 121,896 119,397 49,177 Total 3,100,635 2,517,728 2,238,647 2,139,488 |
RISK MANAGEMENT
RISK MANAGEMENT | 12 Months Ended |
Dec. 31, 2018 | |
Risk Management | |
RISK MANAGEMENT | NOTE 39 RISK MANAGEMENT Introduction and general description The Bank, due to its activities with financial instruments is exposed to several types of risks. The main risks related to financial instruments that apply to the Bank are as follows: - Market risk a. Foreign exchange risk: this arises as a consequence of exchange rate fluctuations among currencies, b. Interest rate risk: this arises as a consequence of fluctuations in market interest rates, c. Price risk: this arises as a consequence of changes in market prices, either due to factors specific to the instrument itself or due to factors that affect all the instruments negotiated in the market, d. Inflation risk: this arises as a consequence of changes in Chile’s inflation rate, whose effect would be mainly applicable to financial instruments denominated in UFs, - Credit risk - Liquidity risk - Capital risk This note includes information on the Bank’s exposure to these risks and on its objectives, policies, and processes involved in their measurement and management. Risk management structure The Board is responsible for the establishment and monitoring of the Bank’s risk management structure, for which purpose it has an on-line corporate governance system which incorporates international recommendations and trends, adapted to Chilean regulatory conditions and given it the ability to apply the most advanced practices in the markets in which the Bank operates. The effectiveness with which we are able to manage the balance between risk and reward is a significant factor in our ability to generate long term, stable earnings growth, Toward that end, our Board and senior management places great emphasis on risk management. A. Integral Risk Committee The Integral Risk Committee of the Board is responsible for reviewing and monitoring all risks that may affect us, including reputation risk, allowing for an integral risk management. This committee serves as the governing body through which the Board supervises risk in general, It also evaluates the reasonability of the systems for measurement and control of risks. ● Credit risk ● Market risk ● Operational risk ● Solvency risk (BIS) ● Legal risks ● Compliance risks ● Reputational risks This Committee includes the Vice Chairman of the Board and five Board members. This committee also includes the CEO, the Director of Risk and other senior level executives from the commercial side of our business. B. Audit Committee The Audit Committee ( Comité de Directores y Auditoría C. Asset and Liability Committee The ALCO includes the Chairman of the Board and five additional members of the Board, the Chief Executive Officer, the Corporate Financial Controller, the Manager of the Financial Management Division, the Manager of Market Risk, the Manager of the Treasury Division, and other senior members of management. The ALCO meets monthly. All limits reviewed by the ALCO are measured and prepared by the Market Risk Department. The non-Board members of the ALCO meet weekly to review liquidity, funding, capital and market risk related matters. The main functions of the ALCO are: ● Making the most important decisions regarding our exposure to inflation, interest rate risk, funding, capital and liquidity levels, The main limits set and monitored by the ALCO (and measured by the Market Risk Department) are: ● Review of the Bank’s inflation gap ● Review of the evolution of the most relevant local and international markets and monetary policies D. Market Committee The Market Committee includes the Vice-Chairman of the Board, three additional members of the Board, the Chief Executive Officer, the Manager of Global Banking and Markets, the Manager of the Treasury Division, the Manager of the Financial Management Division, the Manager of Market Risk, the Financial Controller and other senior members of management. The Market Committee is responsible for: ● Establishing a strategy for the Bank’s trading investment portfolio ● Establishing the Bank’s policies, procedures and limits with respect to its trading portfolio, The Bank’s Market Risk Department measures all risks and limits and reports these to the Market Committee ● Reviewing the net foreign exchange exposure and limit ● Reviewing the evolution of the most relevant local and international markets and monetary policies E. Risk Department All issues regarding risk in the Bank are the responsibility of the Bank’s Risk Department. The Risk Department reports to the CEO but has full independence, and no risk decisions can be made without its approval. Credit risk Credit risk is the risk that one of the parties to a financial instrument fails to meet its contractual obligations for reasons of insolvency or inability of the individuals or legal entities in question to continue as a going concern, causing a financial loss to the other party. The Bank consolidates all elements and components of credit risk exposure to manage credit risk (e,g, individual delinquency risk, inherent risk of a business line or segment, and/or geographical risk). In Note 9 and Note 11, we present our net exposure to credit risk at December 31, 2018 and 2017. Credit Risk Governance The Risk Division, our credit analysis and risk management group, is largely independent of our Commercial Division. Risk evaluation teams interact regularly with our clients. For larger transactions, risk teams in our headquarters work directly with clients when evaluating credit risks and preparing credit applications. Various credit approval committees, all of which include Risk Division and Commercial Division personnel, must verify that the appropriate qualitative and quantitative parameters are met by each applicant. Each committee’s powers are defined by our Board of Directors. Santander-Chile’s governance rules have established the existence of the Integral Risk Committee. This committee is responsible for revising and following all risks that may affect us, including reputational risk, allowing for an integral risk management. This committee serves as the governing body through which the Board supervises all risk functions. It also evaluates the reasonability of the systems for measurement and control of risks. This Committee includes the Vice Chairman of the Board and five Board members. The Board has delegated the duty of credit risk management to the Integral Risk Committee, as well as to the Bank’s risk departments, whose roles are summarized below: ● Verify compliance with the strategic objectives of the group, depending on both assumed and potential risk, and alerting management to such risks. ● Propose the primary metrics for risk appetite framework. ● Review the level of compliance with regulatory provisions and recommendations issued by the Local and External Supervisors, ensuring their implementation on the stipulated dates. ● Analyze with a comprehensive vision, the map of recommendations and incidents formulated by the different control instances (SBIF, DAI and External Audit) in order to identify the main risks involved. ● Review the risk benchmark analysis, and from its results, identify and propose “best practices” or corrective / preventive actions, ensuring their proper implementation. ● Review the adequate management of risks by the management areas, formulating where appropriate, the mitigation actions in accordance with the policies approved by the Board. ● Monitoring, analysis and control of the limits defined in the Risk Framework (basic and complementary metrics) and the key credit risk indicators of each zone, segment or product, identifying possible sources of concern. ● Analyze the relevant aspects of the risk (exogenous variables), which could eventually materialize in possible losses for the business (emerging risks). ● Analyze and propose eventual changes in the policies and procedures used by the Bank for the administration, control and management of risks, when inconsistencies or vulnerabilities are verified. ● Encourage compliance by the Bank with the best corporate governance practices in risk management. Pre-review the documents of type 0 and 1 (Frames and Models) that were defined in the Approval Hierarchy model, which must then be approved in the Directory. ● Perform, according to the calendar proposed by the Risk Department or on request, the sectoral analyzes considered relevant. ● Review of risks in terms of Risk Compliance and Reputational Risk ● Any other task that the Board deems necessary. The following diagram illustrates the governance of our credit risk division including the committees with approval power: Role of Santander Spain’s Global Risk Department: Credit Risk In matters regarding Credit Risk, Santander Spain’s Global Risk Department has the following role: ● All credit risks greater than U.S.$40 million (U.S.$60 million for financial institutions), after being approved locally, are reviewed by Santander Spain. This additional review ensures that no global exposure limit is being breached. ● In standardized risks, the consumer and mortgage scoring models are developed locally but are reviewed and approved by Santander Spain’s Global Risk Department. ● For each scoring model, a monthly Risk Report is prepared, which is reviewed locally and is also sent to Santander Spain’s Global Risk Department. This report includes the evolution of basic credit risk parameters such as loan amounts, non-performance, charge-offs and provisions. ● Monthly, the Controller of the Risk Department sends a report to Santander Spain’s Global Risk Department covering all the main indicators regarding credit risk and the evolution of credit risk as compared to the budgeted levels. Impaiment assessment (policy applicable from January 1, 2018) In accordance with the requirements of IFRS 9 the Bank has developed a new credit risk model, applicable from January 1, 2018. a. Definition of default and cure The Bank considers a financial instrument defaulted and therefore Stage 3 for ECL calculations in all cases when the borrower becomes 90 days past due on its contractual payments. As a part of a qualitative assessment of whether a customer is in default, the Bank also considers a variety of instances that may indicate unlikeliness to pay. Such events include: ● Internal rating of the borrower indicating default or near-default ● The borrower requesting emergency funding from the Bank ● The borrower having past due liabilities to public creditors or employees ● The borrower is deceased ● A material decrease in the underlying collateral value where the recovery of the loan is expected from the sale of the collateral ● A material decrease in the borrower’s turnover or the loss of a major customer ● A covenant breach not waived by the Bank ● The debtor (or any legal entity within the debtor’s group) filing for bankruptcy application/protection ● Debtor’s listed debt or equity suspended at the primary exchange because of rumours or facts about financial difficulties It is the Bank’s policy to consider a financial instrument as ‘cured’ and therefore re-classified out of Stage 3 when none of the default criteria have been present for at least twelve consecutive months (and 24 months for special vigilance operations). The decision whether to classify an asset as Stage 2 or Stage 1 once cured depends on the updated credit grade, at the time of the cure, and whether this indicates there has been a significant increase in credit risk compared to initial recognition. b. Internal rating and PD estimation The Bank’s Credit Risk Department operates its internal rating models. The models incorporate both qualitative and quantitative information and, in addition to information specific to the borrower utilise supplemental external information that could affect the borrower’s behaviour. The internal credit grades are assigned based on the internal scoring policy. PDs are then adjusted for IFRS 9 ECL calculations to incorporate forward looking information and the IFRS 9 Stage classification of the exposure. The following table shows quality assets and its related provision, based on our internal scoring policy as of December 31, 2018: Individually assessed Commercial Portfolio Stage 1 Stage 2 Stage 3 Total Individual Percentage Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 29,998 - - 29,998 0.10% 2 - - 2 0.00% A2 1,074,789 - - 1,074,789 3.56% 525 - - 525 0.06% A3 2,699,684 309 - 2,699,993 8.94% 2,526 - - 2,574 0.29% A4 3,200,608 16,546 - 3,217,154 10.65% 8,865 323 - 9,206 1.04% A5 1,755,259 26,141 - 1,781,400 5.90% 11,296 453 - 11,192 1.33% A6 935,499 45,671 - 981,170 3.25% 6,975 2,213 - 9,188 1.04% B1 - 494,915 187 495,102 1.64% - 14,107 79 14,232 1.61% B2 - 81,955 156 82,111 0.27% - 2,786 66 2,852 0.32% B3 - 67,089 614 67,703 0.22% - 3,841 233 4,074 0.46% B4 - 47,653 45,480 93,133 0.31% - 2,488 19,688 22,176 2.51% C1 - 46,383 108,325 154,708 0.51% - 2,548 48,147 50,695 5.75% C2 - 15,678 39,246 54,924 0.18% - 1,261 18,171 19,672 2.20% C3 - 19,655 26,204 45,859 0.15% - 733 10,803 11,297 1.31% C4 - 3,560 32,445 36,005 0.12% - 246 17,077 17,323 1.96% C5 - 703 64,762 65,465 0.22% - 32 40,541 40,573 4.60% C6 - 1,525 69,510 71,035 0.22% - 35 43,310 43,789 4.91% Subtotal 9,695,837 867,783 386,929 10,950,549 36.24% 30,189 31,066 198,115 259,370 29.39% Collectively assessed Stage 1 Stage 2 Stage 3 Total Group Percentage Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial 3,616,969 232,472 386,154 4,235,595 14.02% 43,541 24,754 179,317 247,432 28.04% Mortgage 4,341,470 249,039 285,510 4,876,289 16.14% 70,904 54,372 159,066 284,342 32.23% Consumer 9,258,962 447,496 444,523 10,150,981 33.60% 9,006 15,102 67,162 91,270 10.34% Subtotal 17,217,671 929,007 1,116,187 19,262,865 63.76% 123,451 94,048 405,545 623,044 70.61% Total 26,913,508 1,796,790 1,503,116 30,213,414 100.00% 153,640 124,114 603,660 882,414 100.00% In relation to the credit quality of the investment portfolio, local regulations specify that banks are able to hold only local and foreign fixed–income securities except in certain cases, Additionally, Banco Santander Chile has internal policies to ensure that only securities approved by the Market Risk department, which are stated in the documents “APS” – Products and underlying Approval, are acquired, The Credit Risk Department sets the exposure limits to those approved APS’s , The APS is updated on daily basis. As of December 31, 2018, 99% our total investment portfolio correspond to securities issued by the Chilean Central Bank and US treasury notes. c. Exposure at default The exposure at default (EAD) represents the gross carrying amount of the financial instruments subject to the impairment calculation, addressing both the client’s ability to increase its exposure while approaching default and potential early repayments too. To calculate the EAD for a Stage 1 loan, the Bank assesses the possible default events within 12 months for the calculation of the 12mECL. However, if a Stage 1 loan that is expected to default in the 12 months from the balance sheet date and is also expected to cure and subsequently default again, then all linked default events are taken into account. For Stage 2, Stage 3 the exposure at default is considered for events over the lifetime of the instruments. d. Loss given default The credit risk assessment is based on a standardised LGD assessment framework that results in a certain LGD rate. These LGD rates take into account the expected EAD in comparison to the amount expected to be recovered or realised from any collateral held. The Bank segments its retail lending products into smaller homogeneous portfolios (evaluated collective), based on key characteristics that are relevant to the estimation of future cash flows. The applied data is based on historically collected loss data and involves a wider set of transaction characteristics (e.g., product type, wider range of collateral types) as well as borrower characteristics. Further recent data and forward-looking economic scenarios are used in order to determine the IFRS 9 LGD rate for each group of financial instruments. Under IFRS 9, LGD rates are estimated for the Stage 1, Stage 2, Stage 3 IFRS 9 segment of each asset class. The inputs for these LGD rates are estimated and, where possible, calibrated through back testing against recent recoveries. These are repeated for each economic scenario as appropriate. e. Significant increase in credit risk (SICR) The Bank continuously monitors all assets subject to ECLs. In order to determine whether an instrument or a portfolio of instruments is subject to 12 month ECL or Lifetime ECL, the Bank assesses whether there has been a significant increase in credit risk since initial recognition. The Bank also applies a secondary qualitative method for triggering a significant increase in credit risk for an asset, such as moving a customer/facility to the watch list (Special vigilance). The Bank may also consider that events explained in letter a) above are a significant increase in credit risk as opposed to a default. Regardless of the change in credit grades, if contractual payments are more than 30 days past due, the credit risk is deemed to have increased significantly since initial recognition. When estimating ECLs on a collective basis for a group of similar assets, the Bank applies the same principles for assessing whether there has been a significant increase in credit risk since initial recognition. Quantitative criteria for SICR Stage 2: The quantitative criteria is used to identify where an exposure has increased in credit risk and it is applied based on whether an increase in the lifetime PD since the recognition date exceeds the threshold set in absolute terms. The following formula is used to determine such threshold: Threshold = Lifetime PD (at reporting date) – Lifetime PD (at origination) Collectively assessed Individually assessed Mortgages Other loans Revolving (Credit cards) Collectively assessed SME Individually assessed SME Middle market Corporate and Investment Banking 45% 42% 42% 42% 60% 50% Santander Group criteria There is also a relative threshold of 100% of all portfolios with the exception of the Corporate and Investment Banking Portfolio. Qualitative criteria for SICR Stage 2: The qualitative criteria is based on the existence of evidence that leads to an automatic classification of financial instruments in stage 2, mainly 30 days overdue and restructured. Thresholds of SICR are calibrated based on the average ECL of exposures that are 30 days overdue or with a level of credit risk considered to be “significant”. Collectively assessed Individually assessed Mortgages Other loans Revolving (Credit cards) Collectively assessed SME Individually assessed SME Middle market Corporate and Investment Banking Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action) These thresholds are defined by the Model Committee and the Integral Risk Committee, and are evaluated annually with updates made depending on impacts and definitions of the risk models associated to each portfolio. f. Grouping financial assets measured on a collective basis The Bank calculates ECLs either on a collective or an individual basis. The evaluates on individual basis commercial loans that are greater than Ch$400 million (US$240,000), while smaller commercial loans, mortgage loans and consumer loans are grouped into homogeneous portfolios, based on a combination of internal and external characteristics. g. Modified loans When loan measured at amortised cost has been renegotiated or modified but not derecognised, the Bank must recognise the resulting gains or losses as the difference between the carrying amount of the original loans, and modified contractual cash flows discounted using the EIR before modification. If the modification does not result in derecognition, then the subsequent assessment of whether there is a significant increase in credit risk is made comparing the risk at the reporting date based on the modified contractual term and the risk at initial recognition based on the original, unmodified contractual term. If the modification results in dereconition, then the modified asset is considered to be a new asset. Accordingly, the date of modification is treated as the date of initial recogition for the purposes of the impairment requerments. As of December 31, 2018 Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ Gross carrying amount 26,913,508 1,796,790 1,503,116 30,213,414 Modified loans - 582,513 815,094 1,397,607 % - 32.42 % 54.23 % 4.63 % ECL allowance 153,640 125,114 603,660 882,414 Modified loans - 44,099 323,802 367,901 % - 35.25 % 53.64 % 41.69 % h. Analysis of risk concentration The following table shows the risk concentration by industry, and by stage before ECL allowance: As of December 31, 2018 Loans and account receivable at amortised cost Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ Commercial loans Manufacturing 992,786 92,931 54,048 1,139,765 Mining 182,342 21,821 4,585 208,748 Electricity, gas, and water 384,288 22,365 2,279 408,932 Agriculture and livestock 934,199 166,271 100,781 1,201,251 Forest 120,371 9,402 14,115 143,888 Fishing 238,348 11,104 3,569 253,021 Transport 716,493 55,011 37,802 809,306 Communications 178,215 30,407 7,222 215,844 Construction(a) 723,600 88,691 93,747 906,038 Commerce 2,950,517 189,623 199,924 3,340,064 Services 1,771,595 81,159 12,915 1,865,669 Other 4,120,052 331,470 242,096 4,693,618 Subtotal 13,312,806 1,100,255 773,083 15,186,144 Mortgage loans 9,258,962 447,496 444,523 10,150,981 Consumer loans 4,341,740 249,039 285,510 4,876,289 Total 26,913,508 1,796,790 1,503,116 30,213,414 (a) In 2018 we improved the classification of our construction loans, reassigning loans for real state rental investment companies to services. i. Macro economical forward looking information and scenarios The annual growth forecasts for the most relevant macroeconomic variables for each of our scenarios are as follows: Average estimates 2019 - 2020 Unfavorable scenario 2 Unfavorable scenario 1 Base scenario Favorable scenario 1 Favorable scenario 2 Official interest rate 1.78% 2.82% 3.91% 4.99% 6.03% Unemployment rate 8.47% 7.53% 6.55% 6.10% 5.57% Housing Price growth 0.89% 1.06% 1.50% 2.68% 4.49% GDP growth 1.40% 2.22% 2.99% 3.87% 4.68% Consumer Price Index 1.14% 1.98% 2.83% 3.75% 4.59% The highest probability of occurrence is associated to the base scenario, while the extreme scenarios have a lower probability than the more moderate scenarios. The methodology used for the generation of the local scenarios is based on the Methodology Framework of the Corporate Research Service and is applied to the loan portfolio with the exception of loans from the Corporate and Investment Banking segment which uses global scenarios as defined by the Santander Group. The probabilities for the scenarios must total 100% and be symmetrical. Local scenario Global scenario Probability weighting Probability weighting Favorable scenario 2 5% Favorable scenario 1 20% Favorable scenario 1 20% Base scenario 60% Base scenario 50% Unfavorable scenario 1 20% Unfavorable scenario 1 20% Unfavorable scenario 2 5% The ECL allowance sensibility to future macro economic conditions is as follows: December 31, 2018 Ch$ Reported ECL allowance 882,414 Gross carrying amount 30,282,022 Reported ECL Coverage 2.91% ECL amount by scenarios Favorable scenarios 2 745,089 Favorable scenarios 1 815,113 Base scenarios 879,358 Unfavorable scenarios 2 949,329 Unfavorable scenarios 2 970,563 Coverage ratio by scenarios Favorable scenarios 2 2.46% Favorable scenarios 1 2.69% Base scenarios 2.90% Unfavorable scenarios 2 3.13% Unfavorable scenarios 2 3.21% j. Collateral and other credit enhancement The amount and type of collateral required depends on an assessment of the credit risk of the counterparty. Guidelines are in place covering the acceptability and valuation of each type of collateral. The main types of collateral obtained are, as follows: ● For securities lending and reverse repurchase transactions, cash or securities ● For corporate and small business lending, charges over real estate properties, inventory and trade receivables and, in special circumstances, government guarantees ● For retail lending, mortgages over residential properties The following table show the maximum exposure to credit risk by class of financial asset, associated collateral and the net exposure to credit risk: December 31, 2018 Maximum exposure to credit risk Collateral (*) Net exposure Associated ECL MCh$ MCh$ MCh$ MCh$ Commercial loans 15,254,752 7,369,291 7,885,461 506,802 Mortgage loans 10,150,981 9,699,324 451,657 91,270 Consumer Loans 4,876,289 754,920 4,121,369 284,342 Total 30,282,022 17,823,535 12,458,487 882,414 According to the Bank’s policy when an asset (real state) is repossessed are transferred to aseets held for sale at their fair value less cost to sell as non-financial assets at the repossession date. Impaiment assessment (under IAS 39) a. Loans analyzed on an individual basis For loans that are greater than Ch$400 million (US$570,000), the Bank uses internal models to assign a risk category level to each borrower and its respective loans. We consider the following risk factors: industry or sector of the borrower, the borrower’s competitive position in its markets, owners or managers of the borrower, the borrower’s financial situation, the borrower’s payment capacity and the borrower’s payment behavior to calculate the estimated incurred loan loss. Through these categories, we differentiate the normal loan portfolio from the impaired one. These are our categories: 1. Debtors may be classified in risk categories A1, A2, A3 or B (A is applicable if they are current on their payment obligations and show no sign of deterioration in their credit quality and B is different from the A categories by a certain history of late payments), The A categories are distinguished by different PNPs (as defined below), 2. Debtors classified as C1, C2, C3, C4, D1 or D2 include debtors whose loans with us have been charged off or administered by our Recovery Unit, or identified as impaired by an internal risk committee., For loans classified as A1, A2, A3 and B, we assign a specific provision level on an individual basis to each borrower and, therefore, the amount of loan loss allowance is determined on a case by case basis, Estimated Incurred Loan Loss = Loan Loss Allowance The estimated incurred loss is obtained by multiplying all risk factors defined in the following equation: EIL= EXP x PNP x SEV ● EIL = Estimated Incurred Loan Loss. The estimated incurred loan loss is how much could be lost in the event a debtor does not perform the obligations under the loan. ● EXP = Exposure. This corresponds to the value of commercial loans. ● PNP = Probability of Non-Performance. This variable, expressed as a percentage, indicates the probability that a debtor will default, This percentage is associated with the internal rating that we give to each debtor, which is determined by analyzing such parameters as debt servicing capacity. ● SEV = Severity. This is the effective loss rate given default for debtors in the same segment, which is determined statistically based on the historical effective losses for us for each segment. Every year, models together with PNP and SEV assumptions, are tested by the Bank’s Credit Risk Department, to ensure that they are appropriate at each reporting date so as to make sure any difference between the estimated incurred losses and real losses is reduced. These tests focus on the validation of the sufficiency of the Bank’s allowances, and consist of comparisons between actual write-offs to allowances established by the model, and the coverage of the total allowance to actual write-offs in the most current periods. Individual loan classification and improvements to any customer classification are also presented for approval to our Risk Committee. In accordance with such policy, every year we update appraisals of fair value of collateral before the end of the 24 month period for certain customers and such updated appraisals are considered in the calculation of the allowance for loan losses. The number of updated appraisals performed in 2015 was 43, in 2016 was 142 and 2017 it was 140, and such updated appraisals were performed mainly because of changes in customer conditions (renegotiation deterioration of financial situation increase in credit line). For loans classified in the C and D categories, loan loss allowances are based mainly on the fair value of the collateral, adjusted for an estimate cost to sell, that each of these loans have. Allowance percentage for each category is then based on the fair value of the collateral, or the expected future cash flow from the loan for each individually evaluated non-performing loans. b. Loans analyzed on a group basis The Bank uses the concept of estimated incurred loss to quantify the allowances levels over loan analyzed on a group basis. Incurred loss is the expected provision expense that will appear one year away from the balance date of the transaction’s credit risk, considering the counterpart risk and the collateral associated to each transaction. Following the Bank’s definition, the Bank uses group evaluation to approach transactions that have similar credit risk features, which indicate the debtor’s payment capacity of the entire debt, capital and interests, pursuant to the contract’s terms. In addition, this allows us to assess a high number of transactions with low individual amounts, whether they belong to individuals or small sized companies. Therefore, debtors and loans with similar features are grouped together and each group has a risk level assigned to it. These models are meant to be used mainly to analyze loans granted to individuals (including consumer loans, credit lines, mortgage loans and commercial loans) and commercial loans to SMEs. Allowances are established using these models, taking into account the historical impairment and other known circumstances at the time of evaluation. After this, a historical loss rate is assigned to each portfolio profile constituting each segment. The method for assigning a profile is established based on a statistical building method, establishing a relation through a logistic regression various variables, such as payment behavior in the Bank, payment behavior outside the Bank, various socio-demographic data, among others, and a response variable that determines a client’s risk level, which in this case is 90 days of non-performance. Afterwards, common profiles are established related to a logical order and with differentiate default rates, applying the real historical loss the Bank has had with that portfolio. Our models for loans analyzed on a group basis (consumer loans, residential mortgage loans and small-and-mid-sized commercial loans) are monitored on a monthly basis with respect to predictability and stability, using indices that seek to capture the underlying need to update the models for current loss trends. Therefore, the periods of historical net charge-offs used in the allowance model may be more than a year old as we only update the historical net charge-offs only when our assessment of predictability and stability indicators determine it is necessary. The different risk categories are constructed and updated periodically based on the payment behavior of the client’s profile to which they belong, as well as his or her socio-demographic characteristics. Therefore, when a customer has past due balance or has missed some payments, the outcome is that the customer will move to a different segment with a higher loss rate, therefore capturing current trends for each risk profile. Once the customers have been classified, the loan loss allowance is the product of three factors: Exposure (EXP), Probability of Non-Performance (PNP) and Severity (SEV). EXP = Exposure. This corresponds |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events | |
SUBSEQUENT EVENTS | NOTE 40 SUBSEQUENT EVENTS On January 12, 2019, the law that modernizes banking legislation was published in the official gazette, a regulation that was approved by Congress on October 3, 2018. The new law adopts the highest international standards in banking regulation and supervision, strengthening international competitiveness and contributing to Chile’s financial stability. On January 24, 2019, the Bank placed a Senior Bond corresponding to its “T-14” line for 3,000,000 UF. On January 30, 2019, the Bank placed a Senior Bond corresponding to its “T-18” line for 2,000,000 UF. On February 1, 2019, the Bank placed a Senior Bond for an amount 30,000,000 EUR. On February 1, 2019, the Bank placed a Senior Bond corresponding to its “T-7” line for 2,000,000 UF. On March 03, 2019, the Bank have received a letter of resignation from Mr Andreu Plaza López from the Board of Directors of Banco Santander-Chile. On March 7, 2019, the Bank placed a Senior Bond corresponding to its ”U-9” line for 75,000,000 CLP. On March 12, 2019, the Bank placed a Senior Bond for an amount of 150,000,000 CHF. There are no other subsequent events to be disclosed that occurred between January 1, 2019 and the date of authorization of these Financial Statements (March 22, 2019). |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies | |
Basis of preparation | a) Basis of preparation These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) (hereinafter referred to as IFRS). For purposes of these financial statements we use certain terms and conventions. References to “US$”, “U.S. dollars” and “dollars” are to United States dollars, references to “EUR” are to European Economic Community Euro, references to “CNY” are to Chinese Yuan, reference to “JPY” are to Japanese Yuan, references to “CHF” are to Swiss franc, references to “Chilean pesos”, “pesos” or “Ch$” are to Chilean pesos, and references to “UF” are to Unidades de Fomento. The UF is an inflation-indexed Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The UF is revalued in monthly cycles. Each day in the period beginning on the tenth day of the current month through the ninth day of the succeeding month, the nominal peso value of the UF is indexed up (or down in the event of deflation) in order to reflect a proportionate amount of the change in the Chilean Consumer Price Index during the prior calendar month. One UF is equaled to Ch$27,565.79 as of December 31, 2018 and Ch$26,798.14 as of December 31, 2017. In 2018, UF inflation was 2.6% compared to 2.3% in 2017. The effect of any changes in the nominal peso value of our UF-denominated interest earning assets and interest bearing liabilities is reflected in our results of operations as an increase (or decrease, in the event of deflation) in interest income and expense, respectively. The Notes to the Consolidated Financial Statements contain additional information to support the figures submitted in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statements of Changes in Equity and Consolidated Statements of Cash Flows for the period. |
Basis of preparation for the Consolidated Financial Statements | b) Basis of preparation for the Consolidated Financial Statements The Cnsolidated Financial Statements for the years ended December 31, 2018, 2017 and 2016, incorporate the financial statements of the entities over which the Bank has control (including structured entities); and includes the adjustments, reclassifications and eliminations needed to comply with the accounting and valuation criteria established by IFRS. Control is achieved when the Bank: I. has power over the investee; II. is exposed, or has rights, to variable returns from its involvement with the investee; and III. has the ability to use its power to affect its returns. The Bank reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Bank has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities over the investee unilaterally. The Bank considers all relevant facts and circumstances in assessing whether or not the Bank’s voting rights in an investee are sufficient to give it power, including: ● the size of the Bank’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; ● potential voting rights held by the Bank, other vote holders or other parties; ● rights arising from other agreements; and ● any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. Consolidation of a subsidiary begins when the Bank obtains control over the subsidiary and ceases when the Bank loses control over the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the Consolidated Statements of Income and Comprehensive Income from the date the Bank gains control until the date when the Bank ceases to control the subsidiary. Profit or loss and each component of other comprehensive income are attributed to the owners of the Bank and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Bank and to the non-controlling interests even if this results in the non-controlling interests having a deficit in certain circumstances. When necessary, adjustments are made to the financial statements of the subsidiaries to ensure their accounting policies are consistent with the Bank’s accounting policies. All intragroup assets, liabilities, equity, income, expenses and cash flows relating to transactions between consolidated entities are eliminated in full on consolidation. Changes in the consolidated entities ownership interests in subsidiaries that do not result in a loss of control over the subsidiaries are accounted for as equity transactions. The carrying values of the Bank’s equity and the non-controlling interests’ equity are adjusted to reflect the changes to their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Bank. In addition, third parties’ shares in the Bank’s consolidated equity are presented as “Non-controlling interests” in the Consolidated Statements of Changes in Equity. Their share in the income for the year is presented as “Attributable to non-controlling interest” in the Consolidated Statements of Income. The following companies are considered entities controlled by the Bank and are therefore within the scope of consolidation: i. Entities controlled by the Bank through participation in equity Name of the Subsidiary Percent ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Direct Indirect Total Direct Indirect Total Direct Indirect Total Main Activity % % % % % % % % % Santander Corredora de Seguros Limitada Insurance brokerage Santiago, Chile 99.75 0.01 99.76 99.75 0.01 99.76 99.75 0.01 99.76 Santander Corredores de Bolsa Limitada Financial instruments brokerage Santiago, Chile 50.59 0.41 51.00 50.59 0.41 51.00 50.59 0.41 51.00 Santander Agente de Valores Limitada (*) Securities brokerage Santiago, Chile 99.03 - 99.03 99.03 - 99.03 99.03 - 99.03 Santander S.A. Sociedad Securitizadora Purchase of credits and issuance of debt instruments Santiago, Chile 99.64 - 99.64 99.64 - 99.64 99.64 - 99.64 The detail of non-controlling participation on all the remaining subsidiaries can be seen in Note 25– Non-controlling interest. (*) On July 25, 2018, the company has ceased conducting foreign currency purcharse and sale operations, hence forth this operation will be carried out directly by the Bank. ii. Entities controlled by the Bank through other considerations The following companies have been consolidated based on the determination that the Bank has control as previously defined above and in accordance with IFRS 10, Consolidated Financial Statements - Santander Gestión de Recaudación y Cobranza Limitada (collection services) - Bansa Santander S.A. (management of repossessed assets and leasing of properties) iii. Associates An associate is an entity over which the Bank has significant influence. Significant influence, in this case, is defined as the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. An investment in an associate is accounted for using the equity method from the date on which the investee becomes an associate. The following companies are considered “Associates” in which the Bank accounts for its participation using the equity method: Percentage of ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Associates Main activity % % % Redbanc S.A. ATM services Santiago, Chile 33.43 33.43 33.43 Transbank S.A. (*) Debit and credit card services Santiago, Chile 25.00 25.00 25.00 Centro de Compensación Automatizado Electronic fund transfer and compensation services Santiago, Chile 33.33 33.33 33.33 Sociedad Interbancaria de Depósito de Valores S.A. Delivery of securities on public offer Santiago, Chile 29.29 29.29 29.29 Cámara Compensación de Alto Valor S.A. Payments clearing Santiago, Chile 15.00 15.00 14.93 Administrador Financiero del Transantiago S.A. Administration of boarding passes to public transportation Santiago, Chile 20.00 20.00 20.00 Sociedad Nexus S.A. Credit card processor Santiago, Chile 12.90 12.90 12.90 Servicios de Infraestructura de Mercado OTC S.A. Administration of the infrastructure for the financial market of derivative instruments Santiago, Chile 12.48 12.48 12.07 (*) The Bank has given a mandate to third party to exercise its rights as shareholder in Transbank. In the case of Sociedad Nexus S.A. and Cámara Compensación de Pagos Alto Valor S.A., Banco Santander Chile has a representative on the Board of Directors. As per the definition of associates, the Bank has concluded that it exerts significant influence over those entities. In the case of Servicios de Infraestructura de Mercado OTC S.A.The Bank participates, through its executives, actively in the administration and in the process of organization, which is why the Administration has concluded that it exerts significant influence on it. During 2017, Rabobank Chile in liquidation process and Banco París, ceded to Banco Santander Chile a portion of its share in the company “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A.”, thereby increasing the Bank’s share in 15%. During the last quarter of 2016, Banco Penta ceded to Banco Santander Chile a portion of its share in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A.” and “Servicios de Infraestructura de Mercado OTC S.A.”, thereby increasing the Bank’s share to 14.93% and 12.07% respectively. At the end of 2016, D eutsche Bank ceded to Banco Santander Chile a portion of its share in the companies "Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor S.A." and "Servicios de Infraestructura de Mercado OTC S.A.", thereby increasing the Bank's share to 14.84% and 11.93% respectively. At the Extraordinary Shareholders meeting held in April 21, 2016, Transbank S.A. agreed to increase its capital by capitalizing the accumulated profits, through the placement of shares for Ch$4,000 million approximately. Banco Santander Chile participated proportionally in its participation (25%), therefore subscribed and paid in for Ch$1,000 million. Previously, Transbank agreed to capital increase at an Extraordinary Shareholders’ Meeting held in April 2015, Banco Santander subscribed to that agreement, maintaining its ownership. |
Non-controlling interest | c) Non-controlling interest Non-controlling interest represents the portion of net income and net assets which the Bank does not own, either directly or indirectly. It is presented as “Attributable to non-controlling interest” separately in the Consolidated Statements of Income, and separately from shareholders’ equity in the Consolidated Statements of Financial Position. In the case of entities controlled by the Bank through other considerations, income and equity are presented in full as non-controlling interest, since the Bank controls them, but does not have any ownership expressed as a percentage. |
Reporting segments | d) Reporting segments Operating segments are components of an entity: i. that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses from transactions with other components of the same entity); ii. whose operating results are regularly reviewed by the entity’s chief executive officer, who makes decisions about resources allocated to the segment and assess its performance; and iii. for which discrete financial information is available. Two or more segments can be combined only if aggregation is consistent with International Financial Reporting Standard 8 “Operating Segments” (IFRS 8) and the segments have similar economic characteristics and are similar in each of the following respects: i. the nature of the products and services; ii. the nature of the production processes; iii. the type or class of customers that use their products and services; iv. the methods used to distribute their products or services; and v. if applicable, the nature of the regulatory environment, for example, banking, insurance, or public utilities. The Bank reports separately on each operating segment that exceeds any of the following quantitative thresholds: i. its reported revenue, from both external customers and intersegment sales or transfers, is 10% or more of the combined internal and external revenue of all the operating segments. ii. the absolute amount of its reported profit or loss is 10% or more of the greater in absolute amount of: (i) the combined reported profit of all the operating segments that did not report a loss; (ii) the combined reported loss of all the operating segments that reported a loss. iii. its assets represent 10% or more of the combined assets of all the operating segments. Operating segments that do not meet any of the quantitative threshold may be treated as segments to be reported, in which case the information must be disclosed separately if management believes it could be useful for the users of the Consolidated Financial Statements. Information about other business activities of the operating segments not separately reported is combined and disclosed in the “Other segments” category. |
Functional and presentation currency | e) Functional and presentation currency According to International Accounting Standard (IAS) 21 “The Effects of Changes in Foreign Exchange Rates”, the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency which influences its costs and revenue structure, has been defined as the Bank’s functional and presentation currency. Accordingly, all balances and transactions denominated in currencies other than the Chilean Peso are treated as “foreign currency”. The Bank maintains its accounting records and prepares its financial statements in Chilean pesos. The US dollar amounts disclosed in the accompanying financial statements are presented solely for the convenience of the reader as of December 31, 2018 using the observed exchange rate of Ch$697.76 per US$1.00. Such translations should not be construed as representations that the (local currency) amounts represent, or have been or could be converted into, United States dollars at that or any other rate. |
Foreign currency transactions | f) Foreign currency transactions The Bank makes transactions in amounts denominated in foreign currencies, mainly the U.S. dollar. Assets and liabilities denominated in foreign currencies, held by the Bank are translated to Chilean pesos based on the market rate published by Reuters at 1:30 p.m. representative of the month end reported; the rate used was Ch$697.76 per US$1 as of December 31, 2018 (Ch$616.85 per US$1 as of December, 2017). The amounts of net foreign exchange gains and losses includes recognition of the effects that exchange rate variations have on assets and liabilities denominated in foreign currencies and the profits and losses on foreign exchange spot and forward transactions undertaken by the Bank. |
Classification and measurement of financial instrument - under IFRS 9 (first adoption) | g) Classification and measurement of financial instrument – under IFRS 9 (first adoption) Financial instruments must be classified and measured in accordance with IFRS 9 starting from January 1, 2018, which established guidance for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows. I. Classification of financial instrument i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify wheter they meet SPI criterion, ie, the contract is a basic lending arrangement. The Bank applies judgement and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Banks’s business model is not assessed on an instrument-by- instrument basis, but at a higher level of aggregated portfolio and is based on observable factors such as: performance of the financial assets, the risk that affect the performance, and the expected frequency, value and timing of sales. In accordance with IFRS 9 the business models are: ● Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realise cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. ● Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. ● Other business model - financial assets held in this business has the objective of realising cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realise those fair values. ii) Classification of financial liabilities The Bank classified all financial liabilities as subsequently measured at amortised cost, except for derivatives that are liabilities, which are measured at fair value through profit or loss. iii) Reclassification Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. II. Measurement of financial instruments i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs are directly attributable to the acquisition or issue of the financial asset or financial liability. ii) Subsequent measurement- financial assets After initial recognition, the Bank shall measures a financial asset at: (a) Amortised cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at amortised cost. The effective interest method is used in the calculation of the amortised cost of a financial asset or a financial liability and in the allocation and recognition of the interest revenue or interest expense in profit or loss over the relevant period. The effective interest rate (EIR) is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. (b) Fair value through other comprehensive income (FVOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling, and that contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at FVOCI. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognised in other comprehensive income, until the assets are sold. Upon disposal, the cumulative gain and losses in OCI are recognised in the income statements. (c) Fair value through profit or loss (FVTPL) Financial assets that do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial assets, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Financial assets held for trading are recognised at fair value through profit or loss, likewise derivatives contracts for trading purposes. (d) Equity instruments For certain equity instruments, the Bank may make an irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, except for dividend income which is recognised in profit or loss. Gains or losses on derecognition of these equity instruments are not transferred to profit or loss. iii) Subsequent measurement- financial liabilities After initial recognition, the Bank shall measure a financial liability at amortised cost. IV. Derecognition of financial assets and liabilities Financial assets are derecognised when, and only when: ● the contractual rights to the cash flows from the financial asset expire , or ● the Bank transfers substantially all the risks and rewards of ownership of the financial asset, and therefore the Bank derecognises the financial asset and recognise separately any rights and obligations created or retained in the transfer. In some cases, the Bank enters into transactions for which it retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows in an arrangement that meets all the conditions required, i.e. the Bank only transfers collected amounts from original assets, selling or pledging original assets is prohibited, and the Bank has the obligation to remit cash flows collected without material delay. When a financial asset is sold and the Bank simultaneously agrees to repurchase it (or an asset that is substantially the same) at a fixed price on a future date, the Bank continues to recognise the financial assets in their entirety in the statements of financial position because it retains substantially all of the risks and rewards of ownership. The cash consideration received is recognised as a financial asset and a financial liability is recognised for the obligation to pay the repurchase price. Financial liabilities are derecognised when, and only when, they are extinguished, cancelled or expired. VI. Contingent loan The Bank issues contingent liabilities (including letters of credit, foreign letters of credit and performance guarantee) and loan commitments. Contingent liabilities and undrawn loan commitments are commitments under which, over the duration of the commitment, the Bank is required to provide a loan with pre-specified term to the customer. The nominal contractual loan value, when the loan agreed to be provided is on market terms, is not recorded in the statements of financial position. The related ECL allowances are disclosed in Note 22. |
Definitions and classification of financial instruments - under IAS 39 (for 2017 balances) | h) Definitions and classification of financial instruments – under IAS 39 (for 2017 balances) i. Definitions A “financial instrument” is any contract that gives rise to a financial asset of one entity, and a financial liability or equity instrument of another entity. An “equity instrument” is a legal transaction that evidences a residual interest in the assets of an entity deducting all of its liabilities. A “financial derivative” is a financial instrument whose value changes in response to the changes in an underlying observable market variable (such as an interest rate, a foreign exchange rate, a financial instrument’s price, or a market index, including credit ratings), whose initial investment is very small compared with other financial instruments having a similar response to changes in market factors, and which is generally settled at a future date. “Hybrid financial instruments” are contracts that simultaneously include a non-derivative host contract together with a financial derivative, known as an embedded derivative, which is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. ii. Classification of financial assets for measurement purposes Financial assets are classified into the following specified categories: trading investments at fair value through profit or loss (FVTPL), ‘held to maturity investments’, ‘available for sale investments (AFS)’ and ‘loans and accounts receivable from customers’. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. All regular purchases or sales of financial asset are recognised and derecognised on a trade basis. Regular way purchases or sales of financial assets require delivery of the asset within the time frame established by regulation or convention in the marketplace. Effective interest method The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. Income is recognised on an effective interest basis for loans and accounts receivables other than those financial assets classified as at fair value through profit or loss. Financial assets FVTPL – trading investment Financial assets are classified as FVTPL when the financial asset is either held for trading or they are designated as at fair value through profit or loss. A financial asset is classified as held for trading if: ● it has been acquired principally for the purpose of selling it in the near term; or ● on initial recognition it is part of a portfolio of identified financial instruments that the Bank manages together and has a recent actual pattern of short-term profit-taking; or ● it is a derivative that is not designated and effective as a hedging instrument. A financial asset other than a financial asset held for trading may be designated as FVTPL upon initial recognition if: ● such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or ● the financial asset forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Bank’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or ● it forms part of a contract containing one or more embedded derivatives, and IAS 39 permits the entire combined contract to be designated as FVTPL. Financial assets at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any dividend or interest earned on the financial asset and is included in the ‘net income (expense) from financial operations’ line item. Held to maturity investments Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity dates that the Bank has the positive intent and ability to hold to maturity. Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using the effective interest method less any impairment. Available for sale investments (AFS investments) AFS investments are non-derivatives that are either designated as AFS or are not classified as (a) loans and accounts receivable from customers, (b) held-to-maturity investments or (c) financial assets at fair value through profit or loss (trading investments). Financial instruments held by the Bank that are traded in an active market are classified as AFS and are stated at fair value at the end of each reporting period. The Bank also has investments in financial instruments that are not traded in an active market but that are also classified as AFS investments and stated at fair value at the end of each reporting period (because the Bank considers that fair value can be reliably measured). Changes in the carrying amount of AFS monetary financial assets relating to changes in foreign currency rates, interest income calculated using the effective interest method and dividends on AFS equity investments are recognised in profit or loss. Other changes in the carrying amount of available for sale investments are recognised in other comprehensive income and accumulated under the heading of “Valuation Adjustment”. When the investment is disposed of or is determined to be impaired, the cumulative gain or loss previously accumulated in the investments revaluation reserve is reclassified to profit or loss. Dividends on AFS equity instruments are recognised in profit or loss when the Bank’s right to receive the dividends is established. The fair value of AFS monetary financial assets denominated in a foreign currency is determined in that foreign currency and translated as the described in f) above. The foreign exchange gains and losses that are recognised in profit or loss are determined based on the amortised cost of the monetary asset. Loans and accounts receivable from customers Loans and accounts receivable from customers are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Loans and accounts receivables from customers (including loans and accounts receivable from customers and interbank loans) are measured at amortised cost using the effective interest method, less any impairment. Interest income is recognised by applying the effective interest rate, except for short-term receivables when the effect of discounting is immaterial. iii. Classification of financial assets for presentation purposes For presentation purposes, the financial assets are classified by their nature into the following line items in the Consolidated Financial Statements: - Cash and deposits in banks: this line includes cash balances, checking accounts and on-demand deposits with the Central Bank of Chile and other domestic and foreign financial institutions. Amounts invested as overnight deposits are included in this item. - Cash items in process of collection: this item represents domestic transactions in the process of transfer through a central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. - Trading investments: this item includes financial instruments held for trading and investments in mutual funds which must be adjusted to their fair value in the same way as instruments acquired for trading. - Investments under resale agreements: includes balances of financial instruments purchased under resale agreement. - Interbank loans : this item includes the balances of transactions with domestic and foreign banks, including the Central Bank of Chile, other than those reflected in certain other financial asset classifications listed above. - Loans and accounts receivables from customers: these loans are non-derivative financial assets for which fixed or determined amounts are charged, that are not listed on an active market and which the Bank does not intend to sell immediately or in the short term. When the Bank is the lessor in a lease, and it substantially transfers the risks and rewards incidental to the leased asset, the transaction is presented in loans and accounts receivable from customers while the leased asset is derecognised in the Bank´s statements of financial position. - Investment instruments: are classified into two categories: held-to-maturity investments, and available-for-sale investments. The held-to-maturity investment classification includes only those instruments for which the Bank has the ability and intent to hold to maturity. The remaining investments are treated as available for sale. iv. Classification of financial liabilities for measurement purposes The Bank classifies all financial liabilities as subsequently measured at amortised cost, except for: Financial liabilities at FVTPL As of December 31, 2018 and 2017 the Bank does not maintain financial liabilities at FVTPL. Other financial liabilities Other financial liabilities (including interbank borrowings, issued debt instruments and other payables) are initially recorded at fair value and subsequently measured at amortised cost using the effective interest method v. Classification of financial liabilities for presentation purposes The financial liabilities are classified by their nature into the following line items in the consolidated statements of financial position: - Deposits and other on- demand liabilities: this includes all on-demand obligations except for term savings accounts, which are not considered on-demand instruments in view of their special characteristics. Obligations whose payment may be required during the period are deemed to be on-demand obligations. Operations which become callable the day after the closing date are not treated as on-demand obligations. - Cash items in process of being cleared: this represents domestic transactions in the process of transfer through a central domestic clearing house or international transactions which may be delayed in settlement due to timing differences, etc. - Obligations under repurchase agreements: this includes the balances of sales of financial instruments under securities repurchase and loan agreements. The Bank does not record in its own portfolio instruments acquired under repurchase agreements. - Time deposits and other time liabilities: this shows the balances of deposit transactions in which a term at the end of which they become callable has been stipulated. - Interbank borrowings: this includes obligations due to other domestic banks, foreign banks, or the Central Bank of Chile, other than those reflected in certain other financial liability classifications listed above. - Issued debt instruments: there are three types of instruments issued by the Bank: Obligations under letters of credit, Subordinated bonds and Senior bonds placed in the local and foreign market. - Other financial liabilities: this item includes credit obligations to persons other than domestic banks, foreign banks, or the Central Bank of Chile, for financing purposes or operations in the normal course of business. vi. Offsetting of financial instruments Financial asset and liability balances are offset, i.e., reported in the Consolidated Statements of Financial Position at their net amount, only if there is a legally enforceable right to offset the recorded amounts and the Bank intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. As of December 31, 2018 and 2017 the Bank does not have balance offsetting of financial instruments. vii. Derecognition of financial assets and liabilities The accounting treatment of transfers of financial assets is determined by the extent and the manner in which the risks and rewards associated with the transferred assets are transferred to third parties: i. If the Bank transfers substantially all the risks and rewards of ownership to third parties, as in the case of unconditional sales of financial assets, sales under repurchase agreements at fair value at the date of repurchase, sales of financial assets with a purchased call option or written put option deeply out of the money, utilization of assets in which the transferor does not retain subordinated debt nor grants any credit enhancement to the new holders, and other similar cases, the transferred financial asset is derecognised from the Consolidated Statements of Financial Position and any rights or obligations retained or created in the transfer are simultaneously recorded. ii. If the Bank retains substantially all the risks and rewards of ownership associated with the transferred financial asset, as in the case of sales of financial assets under repurchase agreements at a fixed price or at the sale price plus interest, securities lending agreements under which the borrower undertakes to return the same or similar assets, and other similar cases, the transferred financial asset is not derecognised from the Consolidated Statements of Financial Position and continues to be measured by the same criteria as those used before the transfer. However, the following items are recorded: - An associated financial liability for an amount equal to the consideration received; this liability is subsequently measured at amortised cost. - Both the income from the transferred (but not removed) financial asset as well as any expenses incurred due to the new financial liability. iii. If the Bank neither transfers nor substantially retains all the risks and rewards of ownership associated with the transferred financial asset—as in the case of sales of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitization of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases—the following distinction is made: a. If the transferor does not retain control of the transferred financial asset: the asset is derecognised from the Consolidated Statements of Financial Position and any rights or obligations retained or created in the transfer are recognised. b. If the transferor retains control of the transferred financial asset: it continues to be recognised in the Consolidated Statements of Financial Position for an amount equal to its exposure to changes in value and a financial liability associated with the transferred financial asset is recorded. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value. Accordingly, financial assets are only derecognised from the Consolidated Statements of Financial Position when the rights over the cash flows they generate have terminated or when all the inherent risks and rewards of ownership have been substantially transferred to third parties. Similarly, financial liabilities are only derecognised from the Consolidated Statements of Financial Position when the obligations specified in the contract are discharged or cancelled or the contract has matured. |
Derivatives and hedging activities | i) Derivatives and hedging activities The Bank has elected to continue apllying the hedge accounting requirements of IAS 39 on adoption of IFRS 9. The Bank has not provided comparative information for prior periods on the date of initial application of IFRS 9 for the new disclosures introduces by IFRS 9 as a consequential amendment to IFRS 7, as permitted by IFRS 7 paragraph 44z. A “financial derivative” is a financial instrument whose value changes in response to the changes in an underlying observable market variable (such as an interest rate, a foreign exchange rate, a financial instrument’s price, or a market index, including credit ratings), whose initial investment is very small compared with other financial instruments having a similar response to changes in market factors, and which is generally settled at a future date. For presentation purposes, derivatives are presented in accordance with its positive or negative fair value as assets or liabilities, respectively, and include trading and hedging instruments separately (see Note 8). Hedging transactions The bank has elected to continue applying the hedge accounting requirements in IAS 39 instead of the requirements of IFRS 9, thus the Bank uses financial derivatives for the following purposes: i. to sell to customers who request these instruments in the management of their market and credit risks; ii. to use these derivatives in the management of the risks of the Bank entities’ own positions and assets and liabilities (“hedging derivatives”), and iii. to obtain profits from changes in the price of these derivatives (trading derivatives). All financial derivatives that are not held for hedging purposes are accounted for as trading derivatives. A derivative qualifies for hedge accounting if all the following conditions are met: 1. The derivative hedges one of the following three types of exposure: a. Changes in the value of assets and liabilities due to fluctuations, among others, in the interest rate and/or exchange rate to which the position or balance to be hedged is subject (“fair value hedge”); b. Changes in the estimated cash flows arising from financial assets and liabilities, and highly probable forecasted transactions (“cash flow hedge”); c. The net investment in a foreign operation (“hedge of a net investment in a foreign operation”). 2. It is effective in offsetting exposure inherent in the hedged item or position throughout the expected term of the hedge, which means that: a. At the date of arrangement the hedge is expected, under normal conditions, to be highly effective (“prospective effectiveness”). b. There is sufficient evidence that the hedge was actually effective during the life of the hedged item or position (“retrospective effectiveness”). 3. There must be adequate documentation evidencing the specific designation of the financial derivative to hedge certain balances or transactions and how this effective hedge was expected to be achieved and measured, provided that this is consistent with the Bank’s management of own risks. The changes in the value of financial instruments qualifying for hedge accounting are recorded as follows: a. For fair value hedges, the gains or losses arising on both hedging instruments and the hedged items (attributable to the type of risk being hedged) are included as “Net income (expense) from financial operations” in the Consolidated Statements of Income. b. For fair value hedges of interest rate risk on a portfolio of financial instruments, gains or losses that arise in measuring hedging instruments within “Interest income and expense”, and other gains or losses due to changes in fair value of the underlying hedged item (attributable to the hedged risk) are recorded in the Consolidated Statements of Income under “Net income (expense) from financial operations”. c. For cash flow hedges, the change in fair value of the hedging instrument is included as “Cash flow hedge” in “Other comprehensive income”. d. The differences in valuation of the hedging instrument corresponding to the ineffective portion of the cash flow hedging transactions are recorded directly in the Consolidated Statements of Income under “Net income (expense) from financial operations”. If a derivative designated as a hedging instrument no longer meets the requirements described above due to expiration, ineffectiveness or for any other reason, hedge accounting treatment is discontinued. When “fair value hedging” is discontinued, the fair value adjustments to the carrying amount of the hedged item arising from the hedged risk are amortised to gain or loss from that date, where applicable. When cash flow hedges are discontinued, any cumulative gain or loss of the hedging instrument recognised under “Other comprehensive income” (from the period when the hedge was effective) remains recorded in equity until the hedged transaction occurs, at which time it is recorded in the Consolidated Statements of Income, unless the transaction is no longer expected to occur, in which case any cumulative gain or loss is recorded immediately in the Consolidated Statements of Income. |
Fair value measurement | j) Fair value measurement In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. Financial instruments, other than those measured at fair value through profit or loss, are initially recognised at fair value plus transaction costs. Subsequently, and at the end of each reporting period, financial instruments are measured pursuant to the following criteria: i. Valuation of financial instruments Financial assets are measured according to their fair value, gross of any transaction costs that may be incurred in the course of a sale, except for loans and accounts receivable from customers. “Fair value” is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When measuring fair value an entity shall take into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place either: (a) in the principal market for the asset or liability, or (b) in the absence of a principal market, the most advantageous market for the asset or liability. Even when there is no observable market to provide pricing information in connection with the sale of an asset or the transfer of a liability at the measurement date, the fair value measurement shall assume that the transaction takes place, considered from the perspective of a potential market participant who intends to maximize value associated with the asset or liability. When using valuation techniques, the Bank shall maximize the use of relevant observable inputs and minimize the use of unobservable inputs as available. If an asset or a liability measured at fair value has a bid price and an ask price, the price within the bid-ask spread that is most representative of fair value in the circumstances shall be used to measure fair value regardless of where the input is categorized within the fair value hierarchy (i.e. Level 1, 2 or 3). IFRS 13 establishes a fair value hierarchy that categorizes into three levels the inputs to valuation techniques used to measure fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs). All derivatives are recorded in the Consolidated Statements of Financial Position at the fair value previously described. This value is compared to the valuation as at the trade date. If the fair value is subsequently measured positive, this is recorded as an asset. If the fair value is subsequently measured negative, this is recorded as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in “Net income (expense) from financial operations” in the Consolidated Statements of Income. Specifically, the fair value of financial derivatives included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price. If, for exceptional reasons, the quoted price cannot be determined on a given date, the fair value is determined using similar methods to those used to measure over the counter (OTC) derivatives. The fair value of OTC derivatives is the sum of the future cash flows resulting from the instrument, discounted to present value at the date of valuation (“present value” or “theoretical close”) using valuation techniques commonly used by the financial markets: “net present value” (NPV) and option pricing models, among other methods. Also, within the fair value of derivatives are included Credit Valuation Adjustment (CVA) and Debit Valuation Adjustment (DVA), all with the objective that the fair value of each instrument includes the credit risk of its counterparty and Bank´s own risk. The Credit valuation adjustment (CVA) is a valuation adjustment to OTC derivatives as a result of the risk associated with the credit exposure assumed by each counterparty. The CVA is calculated taking into account potential exposure to each counterparty in each future period. The debit valuation adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Bank’s own risk assumed by its counterparties in OTC derivatives. As of December 31, 2018, CVA and DVA amounts to MCh$8,142 and MCh$15,406, respectively. ii. Valuation techniques Financial instruments at fair value, determined on the basis of price quotations in active markets, include government debt securities, private sector debt securities, equity shares, short positions, and fixed-income securities issued. In cases where price quotations cannot be observed in available markets, the Bank’s management determines a best estimate of the price that the market would set using its own internal models. In most cases, these models use data based on observable market parameters as significant inputs however for some valuations of financial instruments, significant inputs are unobservable in the market. To determine a value for those instruments, various techniques are employed to make these estimates, including the extrapolation of observable market data. The most reliable evidence of the fair value of a financial instrument on initial recognition usually is the transaction price, however due to lack of availability of market information, the value of the instrument may be derived from other market transactions performed with the same or similar instruments or may be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates. The main techniques used as of December 31, 2018 and 2017 by the Bank’s internal models to determine the fair value of the financial instruments are as follows: i. In the valuation of financial instruments permitting static hedging (mainly forwards and swaps), the present value method is used. Estimated future cash flows are discounted using the interest rate curves of the related currencies. The interest rate curves are generally observable market data. ii. In the valuation of financial instruments requiring dynamic hedging (mainly structured options and other structured instruments), the Black-Scholes model is normally used. Where appropriate, observable market inputs are used to obtain factors such as the bid-offer spread, exchange rates, volatility, correlation indexes and market liquidity. iii. In the valuation of certain financial instruments exposed to interest rate risk, such as interest rate futures, caps and floors, the present value method (futures) and the Black-Scholes model (plain vanilla options) are used. The main inputs used in these models are observable market data, including the related interest rate curves, volatilities, correlations and exchange rates. The fair value of the financial instruments calculated by the aforementioned internal models considers contractual terms and observable market data, which include interest rates, credit risk, exchange rates, quoted market price of shares, volatility and prepayments, among others. The Bank’s management considers that its valuation models are not significantly subjective, since these methodologies can be adjusted and evaluated, as appropriate, through the internal calculation of fair value and the subsequent comparison with the related actively traded price. |
Recognising income and expenses | k) Recognising income and expenses The most significant criteria used by the Bank to recognise its revenues and expenses are summarized as follows: i. Interest revenue, interest expense, and similar items Interest income is calculated by applying the effective interest rate to the gross carrying amount of financial assets, except for financial assets that have subsequently become credit-impaired (or ‘stage 3’), for which interest revenue is calculated by applying the effective interest rate to their amortised cost (i.e. net of the ECL provision). ii. Commissions, fees, and similar items Fee and commission income and expenses are recognised in the Consolidated Statements of Income using criteria established in IFRS 15 “Revenue from contracts with customers”. See disclosure in Note 2 relating adoption and impact of IFRS 15. Under IFRS 15, the Bank recognises revenue when (or as) satisfied a performance obligations by transferring a service (ie an asset) to a customer; under this definition an asset is transferred when (or as) the customer obtains control of that asset. The Bank considers the terms of the contract and its customary business practices to determine the transaction price. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. The Bank transfers control of a good or service over time and, therefore, satisfies a performance obligation and recognises revenue over time, and/or the Bank satisfies the performance obligation at a point in time. The main revenues arising from commissions, fees and similar items correspond to: - Fees and commissions for lines of credits and overdrafts: includes accrued fees related to granting lines of credit and overdrafts in checking accounts. - Fees and commissions for guarantees and letters of credit: includes accrued fees in the period relating to granting of guarantee payment for current and contingent third party obligations. - Fees and commissions for card services: includes accrued and earned commissions in the period related to use of credit cards, debit cards and other cards - Fees and commissions for management of accounts: includes accrued commissions for the maintenance of checking, savings and other accounts - Fees and commissions for collections and payments: includes income arising from collections and payments services provided by the Bank. - Fees and commissions for intermediation and management of securities: includes income from brokerage, placements, administration and securitie's custody services. - Fees and commissions for insurance brokerage fees: includes income arising for insurances distribution. - Other fees and commissions: includes income arising from currency changes,financial advisory, cashier check issuance, placement of financial products and onlilne banking services. The main expenses arising from commissions, fees and similar items correspond to: - Compensation for card operation: includes commission expenses for credit and debit card operations related to income commissions card services. - Fees and commissions for securities transactions: includes commissions expense for deposits, securities custody service and securitie's brokerage. - Other fees and commissions: includes mainly expenses generayed from online services. The Bank has incorporated disaggregated revenue and expense disclosures and reportable segment relationship in Note 28. Additionaly, the Bank maintains certain loyalty programs associated to its credit cards services, for which it has deferred a percentage of the consideration received in the statements of financial position to comply with its related performance obligation, or has liquidated on a monthly basis as far they arise. Revenue recognition accounting and discloures for the year 2017, is under IAS 18 “Revenue recognition”, fees and commission income and expense were recognised in according to their nature. The main criteria were: - Fee and commission income and expenses on financial assets and liabilities are recognised when they are earned. - Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services. - Those relating to services provided in a single transaction are recognised when the single transaction is performed. iii. Loan arrangement fees Fees that arise as a result of the origination of a loan, mainly application and analysis-related fees, are deferred and charged to the Consolidated Statements of Income over the term of the loan. |
Impairment of non-financial assets | l) Impairment of non-financial assets The Bank’s non-financial assets, are reviewed at the reporting date to determine whether they show signs of impairment (i.e. its carrying amount exceeds its recoverable amount). If any such evidence exists, the recoverable amount of the asset is estimated, in order to determine the extent of the impairment loss. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss. In connection with other assets, impairment losses recorded in prior periods are assessed at each reporting date to determine whether the loss has decreased and should be reversed. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognised for the asset in prior years. Goodwill impairment is not reversed. |
Property, plant, and equipment | m) Property, plant, and equipment This category includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Assets are classified according to their use as follows: i. Property, plant and equipment for own use Property, plant and equipment for own use includes but is not limited to tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing accounts receivable from third parties which are intended to be held for continuing own use and tangible assets acquired under finance leases. These assets are presented at acquisition cost less the related accumulated depreciation and, if applicable, any impairment losses (when net carrying amount was higher than recoverable amount). Depreciation is calculated using the straight line method over the acquisition cost of assets less their residual value, assuming that the land on which buildings and other structures stand has an indefinite life and, therefore, is not subject to depreciation. The Bank applies the following useful lives for the tangible assets that comprise its assets: ITEM Useful life (Months) Land - Paintings and works of art - Carpets and curtains 36 Computers and hardware 36 Vehicles 36 IT systems and software 36 ATMs 60 Other machines and equipment 60 Office furniture 60 Telephone and communication systems 60 Security systems 60 Rights over telephone lines 60 Air conditioning systems 84 Other installations 120 Buildings 1,200 The consolidated entities assess at each reporting date whether there is any indication that the carrying amount of any tangible asset exceeds its recoverable amount. If this is the case, the carrying amount of the asset is reduced to its recoverable amount and future depreciation charges are adjusted in accordance with the revised carrying amount and to the new remaining useful life. The estimated useful lives of the items of property, plant and equipment held for own use are reviewed at the end of each reporting period to detect significant changes. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recorded in the Consolidated Statements of Income in future years on the basis of the new useful lives. Maintenance expenses relating to tangible assets held for own use are recorded as an expense in the period in which they are incurred. ii. Assets leased out under operating leases The criteria used to record the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives, and to record the impairment losses thereof, are consistent with those described in relation to property, plant and equipment held for own use. |
Leasing | n) Leasing i. Finance leases Finance leases are leases that substantially transfer all the risks and rewards incidental to ownership of the leased asset to the lessee. The Bank recognised as lending to third parties under “Loans and accounts receivable from customers” in the Consolidated Statements of Financial Position, the sum of the present value of the lease payments receivable from the lessee, including the exercise price of the lessee’s purchase option at the end of the lease term, when at the inception of the lease it is reasonably certain that the lessee will exercise the option. When consolidated entities acts as lessees, the leased assets are classified based on their nature in the Consolidated Statements of Financial Position, and recognising an asset and liability at the same amount (the lower between the fair value of the leased property and the present value of the minimum lease payments, plus purchase option). These assets are depreciated in accordance with property, plant and equipment for own use criterion. In both cases, the finance income and expenses arising from these contracts are recorded under “Interest income” and “Interest expense” respectively, in Consolidated Statements of Income to achieve constant return rate over the lease term. ii. Operating leases In operating leases, ownership of the leased asset and substantially all the risks and rewards incidental thereto remain with the lessor. When the consolidated entities act as lessor, the leased assets are classified at their acquisition cost under "Property, plant and equipment”. The depreciation criterion for these assets is consistent with that for similar items of property, plant and equipment held for own use and revenues from operating leases is recorded on a straight line basis under “Other operating income” in the Consolidated Statements of Income. When the consolidated entities act as the lessees, the lease expenses, including any incentives granted by the lessor, are charged on a straight line basis to “Administrative expenses” in the Consolidated Statements of Income. iii. Sale and leaseback transactions For sale at fair value and operating leasebacks, the profit or loss generated is recorded at the time of sale except in the case of excess of proceeds over fair value, which difference is amortised over the period of use of the asset. In the case of finance leasebacks, the profit or loss generated is amortised over the lease term. |
Intangible assets | o) Intangible assets Intangible assets are identified as non-monetary assets (separately identifiable from other assets) without physical substance which arise as a result of legal or contractual rights or it is separable. The Bank recognises an intangible asset, whether purchased or self-created (at cost), when the cost of the asset can be measured reliably and it is probable that the future economic benefits that are attributable to the asset will flow to the Bank. Intangible assets are recorded initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortization and any accumulated impairment losses. Internally developed computer software is recorded as an intangible asset if, among other requirements (basically the Bank’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated. Intangible assets are amortised on a straight-line basis over their estimated useful life; which has been defined as 36 months. Expenditure on research activities is recorded as an expense in the year in which it is incurred and cannot be subsequently capitalized. |
Cash and cash equivalents | p) Cash and cash equivalents For the preparation of the cash flow statements, the indirect method was used, starting with the Bank’s consolidated pre-tax income and incorporating non-cash transactions, as well as income and expenses associated with cash flows, which are classified as operating, investment or financing activities. For the preparation of the cash flow statements, the following items are considered: i. Cash flows: Inflows and outflows of cash and cash equivalents, such as deposits with the Central Bank of Chile, deposits in domestic banks, and deposits in foreign banks. ii. Operating activities: Principal revenue-producing activities performed by banks and other activities that cannot be classified as investing or financing activities. The Bank’s activity of granting loans encompasses not only the activities with its debtors but also the related activities that provide the funding to the loans granted. Since the funding for granting such loans is provided by, among other sources, senior bonds, mortgage bonds and subordinated bonds, the Bank presents the related cash flows as operating activities. iii. Investing activities: The acquisition and disposal of long-term assets and other investments not included in cash and cash equivalents. iv. Financing Activities: Activities that result in changes in the size and composition of the equity and liabilities that are not operating activities. |
Expected credit losses allowance - under IFRS 9 | q) Expected credit losses allowance – under IFRS 9 Starting from January 1, 2018, the Bank replaced the “incurred loss” model of IAS 39 with an “expected credit loss (ECL)” model established by IFRS 9. The new single impairment model applies to all financial assets measured at amortised cost and fair value through other comprehensive income (FVOCI), including commitment and contingent loans. Investments in equity are outside of the scope of the new impairment requirements. The Bank accounted ECL related to financial assets measured at amortised cost as a loss allowance in the statements of financial position, but the carrying amount of these assets is stated net of the loss allowance. ECL related to contingent loans is accounted as a provision in the statements of financial position. The Bank recognises in profit or loss, as an impairment gain or loss, the amount of ECL (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognised in accordance IFRS 9, for financial assets measured at amortised cost and contingent loans. The new model uses a dual measurement approach, under which the loss allowance is measured as either: - 12-month expected credit losses - Lifetime expected credit losses The Bank has defined default on individual or collective basis: ● Individual: when exposure is more than 89 days past due, it has been restructured, it is in judicial collection, it has been write-off, drag effect define as the entire outstanding amount on any loan which is 89 days or more past due. ● Collective: when exposure is more than 89 days past due, it has been restructured, or has been identified as impaired by an interal risk committee. The measurement basis depends on whether there has been a significant increase in credit risk since initial recognition. Based on changes in credit quality since initial recognition, IFRS 9 outlines a “three-stage” model impairment in accordance with the following diagram Change in credit quality since initial recognition Stage 1 Stage 2 Stage 3 Initial recognition Significant increase in credit risk since initial recognition Credit impaired assets 12-month expected credit losses Lifetime expected credit losses Lifetime expected credit losses The Bank, at the end of each reporting period, evaluated whether financial instrument's credit risk has significantly increased since initial recognition or whether an asset is considered to be credit-impaired, and consequently classified financial instrument in the respective stage: ● Stage 1: When loans are first recognised, the Bank recognises an allowance based on 12 months ECL. Stage 1 loans also include facilities where the credit risk has improved and the loan has been returned to Stage 1. ● Stage 2: When a loan has shown a significant increase in credit risk since origination, the Bank records an allowance for the lifetime ECL. Stage loans also include facilities, where the credit risk has improved and the loan has been returned to stage 2. ● Stage 3: Loans considered credit-impaired. The Bank records an allowance for the lifetime ECL, setting the PD at 100%. The Bank considers reasonable and supportable information that is available without undue cost or effort and that may affect the credit risk on a financial instrument, including forward looking information to determine a significant increase in credit risk since initial recognition. Forward looking information includes past events, current conditions and forecast or future economic conditions (macro-economic data). Credit risk assessment and forward looking information (including macro-economic factors), includes quantitative and qualitative information based on the Bank’s historical experience, some examples are: a. Financial or economic conditions that are expected to cause a significant change in the borrower’s ability to meet its debt obligations b. An actual or expected internal credit rating downgrade for the borrower or decrease in behavioral scoring c. An actual or expected significant change in the operating results of the borrower. d. Significant increases in credit risk on other financial instruments of the same borrower. e. Significant changes in the value of the collateral supporting the obligation or in the quality of third-party guarantees or credit enhancements. f. Reductions in financial support from a parent entity or other affiliate. g. Expected changes in the loan documentation including an expected breach of contract that may lead to covenant waivers or amendments, interest payment holidays, interest rate step-ups, requiring additional collateral or guarantees, or other changes to the contractual framework of the instrument. The Bank has considered that if contractual payments are more than 30 days past due, the credit risk is deemed to have increased significantly since initial credit recognition, but is not an absolute indicator. The bank di not rebut the backstop presumption of IFRS 9 relating to SICR or default. i. Expected credit loss measurement The ECL are the probability-weighted estimate of credit losses, i.e. the present value of all cash shortfalls. A cash shortfalls is the difference between the cash flows that are due to an entity in accordance with the contract and the cash flows that the entity expects to receive. The three main components to measure the ECL are: PD: The Probability of default is an estimate of the likelihood of default over a given time horizon. A default may only happen at a certain time over the assessed period, if the facility has not been previously derecognised and is still in the portfolio. LGD: The loss given default is an estimate of the loss arising in the case where a default occurs at a given time. It is based on the difference between the contractual cash flows due and those that the lender would expect to receive, including from the realization of any collateral. EAD: The Exposure at default is an estimate of the exposure at a future default date, taking into account expected changes in the exposure after the reporting date, including repayments of principal and interest, whether scheduled by contract or otherwise, expected drawdown on committed facilities, and accrued interest from missed payments. For measuring 12-month and lifetime ECL, cash shortfalls are identified as follow: - 12-month expected credit losses: the portion of lifetime expected credit losses that represents the expected credit losses that result from default events on the financial instruments that are possible within the 12 months after the reporting date. - Lifetime expected credit losses: the expected credit losses that result from all possible default events over the expected life of the financial instrument. The Bank considered a multi-factor analysis to perform credit risk analysis. The type of portfolio or transactions, and individual or collective evaluated. The Bank divides its portfolio as: i. Commercial loans, ii. Mortgage loans, and iii. Consumer loans. iv. Contingent loans The Bank evaluates individually whether objective evidence of impairment exists for loans that are individually significant, then collectively assesses loans that are not individually significant and loans which are significant but for which there is no objective evidence of impairment available under individually assessment. ii. Contingent loans The Bank enters into various irrevocable loan commitments and contingent liabilities. Even though these obligations may not be recognised on the statements of financial position, they contain credit risk and, therefore, form part of the overall risk of the Bank. When the Bank estimates the ECL for contingent loans, it estimates the expected portion of the loan commitment that will be drawn down over its expected life. iii. Forward looking information The ECL model includes a broad range of forward looking information as economic inputs, such as: ● GDO growth ● Unemployment rates ● Central Banks interest rates ● Real state prices iv. Modifications of financial assets When loan measured at amortised cost has been renegotiated or modified but not derecognised, the Bank recognises the resulting gains or losses as the difference between the carrying amount of the original loans, and modified contractual cash flows discounted using the EIR before modification. For ECL estimation purposes on financial assets that have been modified, is required to distinguish between modification that result in derecognition from those that does not result in derecognition. If the modification does not result in derecognition, then the subsequent assessment of whether there is a significant increase in credit risk is made comparing the risk at the reporting date based on the modified contractual term and the risk at initial recognition based on the original, unmodified contractual term. If the modification results in derecognition, then the modified asset is considered to be a new asset. Accordingly, the date of modification is treated as the date of initial recognition for the purposes of the impairment requerments. v. Collateral The Banks seeks to use collateral to mitigate its credit risks on financial assets, where possible. Types of collateral are:cash, securities, letters of credit, real state and inventories. The Bank’s accounting policy for collateral assigned to it through its lending arrangements under IFRS 9 is the same is it was under IAS 39. Collateral, unless repossessed, is not recorded on the Bank’s statements of financial position. However, the fair value of collateral affects the calculation of ECLs. The main collateral associated to mortgage loans are real state, which are valued based on data provided by specialized third parties. The estimation of ECL reflects the cash flows expected from collateral and other credit enhancement that are part of the contractual terms of the financial instruments. According to the Bank’s policy when an asset (real state) is repossessed are transferred to aseets held for sale at their fair value less cost to sell as non-financial assets at the repossession date. vi. Write-offs The gross carrying amount of a financial asset is reduced when there is no reasonable expectation of recovery. A write-off constitutes a derecognition event of the corresponding loan transaction in its entirety, and therefore, include portions not past-due for installments loans or leasing operation (no partial write-off). Subsequent recoveries of amounts previously writen-off are credited to the income statements, as recovery of loans previously write-off, as a deduction from provisions for loan losses. Loan and accounts receivable charge-offs are recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral 6 months Other transactions without collateral 24 months Commercial loans with collateral 36 months Mortgage loans 48 months Consumer leasing 6 months Other non-mortgage leasing transactions 12 months Mortgage leasing (household and business) 36 months |
Allowance for loan losses - under IAS 39 | r) Allowance for loan losses – under IAS 39 The Bank established allowances to cover incurred losses on loans and account receivables from customers in accordance with its internal models and risk assessment as approved by the Board of Directors. The Bank performed an assessment of the risk associated with loans and accounts receivable from customers to determine their allowance for loan losses as described below: - Individual assessment - represented cases where the Bank assesses a debtor as individually significant, or when he/she could not be classified within a group of financial assets with similar credit risk characteristics, due to their size, complexity or level of exposure. - Group assessment - a group assessment was relevant for analyzing a large number of transactions with small individual balances from individuals or small companies. The Bank grouped debtors with similar credit risk characteristics giving to each group a default probability and recovery rate based on a historical analysis. The Bank models determined allowances and provisions for loan losses according to the type of portfolio or transactions. Loans and accounts receivables from customers were divided into three categories: i. Commercial loans, ii. Mortgage loans, and iii. Consumer loans. The models used to determine credit risk allowances are described as follows: I. Allowances for individual assessment An individual assessment of commercial debtors was necessary in the case of companies which, due to their size, complexity or level of exposure regarding the entity, must be known and analyzed in detail. For the purposes of establishing its provisions, the Bank assigned a risk category to each debtor, their loans and contingent loans. The risk factors considered were: industry or economic sector of the borrower, owners or managers of the borrower, their financial situation and payment capacity, and payment behavior. The Bank’s risk categories were as follows: 1. Debtors may be classified in risk categories A1, A2, A3 or B (if they are current on their payment obligations and show no sign of impairment in their credit quality). B is different from the A categories by a certain history of late payments. The A and B categories were distinguished by different PNPs (as defined below). 2. Debtors classified as C1, C2, C3, C4, D1 or D2 included debtors whose loans with us have been charged off or administered by our Recovery Unit, or identified as impaired by an internal risk committee. For loans classified as A1, A2, A3 and B, we assigned a specific provision level on an individual basis to each borrower and, therefore, the amount of loan loss allowance is determined on a case by case basis. Estimated Incurred Loan Loss = Loan Loss Allowance. The estimated incurred loss was obtained by multiplying all risk factors defined in the following equation: EIL= EXP x PNP x SEV EIL = Estimated Incurred Loan Loss. The estimated incurred loan loss is how much could be lost in the event a debtor does not perform the obligations under the loan. EXP = Exposure. This corresponds to the value of commercial loans. PNP = Probability of Non-Performance. This variable, expressed as a percentage, indicates the probability that a debtor will default. This percentage is associated with the internal rating that we give to each debtor, which is determined by analyzing such parameters as debt servicing capacity (including, usually, projected cash flows), the company’s financial history, the solvency and capacity of shareholders and management, and projections for the economic sector in which it operates. SEV = Severity. This is the effective loss rate given default for debtors in the same segment, which is determined statistically based on the historical effective losses for each segment. Every year, models together with PNP and SEV assumptions, were tested by the Bank's Credit Risk Department, to ensure that they are appropriate at each reporting date so as to make sure any difference between the estimated incurred losses and actual losses is reduced. These tests focused on the validation of the sufficiency of the Bank's allowances, and consisted of comparisons between actual write-offs to allowances established by the model, and the coverage of the total allowance to actual write-offs in the most current periods. Individual loan classification and improvements to any customer classification were also presented for approval to our Risk Committee. For loans classified in the C and D categories, loan loss allowances were based mainly on the fair value of the collateral, adjusted for an estimated cost to sell, that each of these loans have. Allowance percentage for each category was then based on the fair value of the collateral, or the expected future cash flow from the loan for each individually evaluated non-performing loans. II. Allowances for group assessments The Bank used the concept of estimation of incurred loss to quantify the allowances levels over the group-evaluated portfolios, considering the risk and the guarantees associated with each transaction. Following the Bank's definition, the Bank used group evaluation to approach transactions that have similar credit risk features, which indicated the debtor's payment capacity over the entire debt, principal and interests, pursuant to the contract's terms. In addition, this allowed us to assess a high number of transactions with low individual amounts, whether they belong to individuals or SMEs (small and medium sized companies). Therefore, debtors and loans with similar features were grouped together and each group has a risk level assigned to it. These models were meant to be used mainly to analyze loans granted to individuals (including consumer loans, credit lines, mortgage loans and commercial loans) and commercial loans to small to middle-sized entities (SMEs). Allowances were established using these models, taking into account the historical Impairment and other known circumstances at the time of evaluation. After this, a historical loss rate was assigned to each portfolio profile constituting each evaluated group. Allowances for group-evaluated loans were established based on the credit risk of the profile to which the loan belongs. The method for assigning a profile was based on statistical building method, establishing a relation through logistic regression of various variables, such as payment behavior in the Bank, payment behavior outside the Bank, various sociodemographic data, among others, and a response variable that determined a client's risk level, which in this case was 90 days of non-performance (the chosen features are relevant when calculating future cash flows per group of assets). Afterwards, common profiles were established and with differentiated default rates, applying the real historical loss the Bank had with that portfolio. The different risk categories were constructed and updated periodically based on the payment behavior of the client's profile to which they belong, as well as his or her sociodemographic characteristics. Therefore, when a customer had past due balance or has missed some payments, the outcome was that the customer will move to a different segment with a higher loss rate, therefore capturing current trends for each risk profile. Allowance quantification, once the customers have been classified, was the product of three factors: exposure (EXP), Probability of Non-Performance (PNP) and Severity (SEV), the same equation used for individual assessment mentioned above. The estimated incurred loss rates for group-evaluated loans correspond to charge-offs net of recoveries. The methodology established the period in which the estimated incurred loss for each risk profile emerges. Once the loss has been considered to have been incurred, the estimated incurred loss rates were applied to the corresponding risk profile to obtain the net charge-off level associated with this period. The loss rates applied to each risk profile are based only on the historical net charge-off data for that specific profile within one of the four groups of loans (consumer loans, credit lines, mortgage loans and commercial loans). No other statistical or other information other than net charge-offs was used to determine the loss rates. To determine the estimated incurred loss for commercial and mortgage loans collectively evaluated for impairment, we mainly analyzed the payment behavior of clients, particularly the payment behavior of clients with payments that are more than 90 days overdue, clients with other weaknesses, such as early non performance (i.e., payments that are past-due, though by less than 90 days), clients with modified loans and clients with renegotiated loans, as well as success in recovery against these clients. We also took into account whether the loan is supported by collateral. In connection with mortgage loans, historical net charge-offs were considered in the model to calculate loss rates for loans collectively evaluated for impairment. The risk categories were such that when a customer has a past-due balance or has missed some payments, the outcome was that the customer will move to a different risk category with a higher loss rate, therefore capturing current trends of the customer and, when aggregate, current trends in the market. Our models for loans analyzed on a group basis (consumer loans, residential mortgage loans and small-and-mid- sized commercial loans) were monitored on a monthly basis with respect to predictability and stability, using indicators that seek to capture the underlying need to update the models for current loss trends. Therefore, the periods of historical net charge-offs used in the allowance model may were more than a year old as we only updated the historical net charge-offs when our assessment of predictability and stability indicators determine it was necessary. III. Charge-offs As a general rule, charge-offs should be done when all collection efforts have been exhausted. These charge-offs consisted of derecognition from the Consolidated Statements of Financial Position of the corresponding loans transactions in its entirety, and, therefore, included portions not past-due of a loan in the case of installments loans or leasing transactions (no partial charge-offs exist). Subsequent payments obtained from charged-off loans were recognised in the Consolidated Statements of Income as a recovery of loans previously charged-off. Loan and accounts receivable charge-offs were recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral 6 months Other transactions without collateral 24 months Commercial loans with collateral 36 months Mortgage loans 48 months Consumer leasing 6 months Other non-mortgage leasing transactions 12 months Mortgage leasing (household and business) 36 months IV. Recovery of loans previously charged off and accounts receivable from customers Any payment agreement of an already charged-off loan did not give rise to income—as long as the operation was in an impaired status—and the effective payments received were accounted for as a recovery from loans previously charged-off. Recovery of previously charged-off loans and accounts receivable from customers, were recorded in the Consolidated Statements of Income as a deduction from provisions for loan losses. In accordance with our charge-off policy described in iii) above, we may subsequently recovered a portion of the amount charged-off (at 100%). The allowance for loan losses on our collectively evaluated loans incorporates an expected recovery rate based on historical information. At the time we charged-off the carrying amount of any loans which have been collectively evaluated for impairment, the allowance for loan losses on collectively evaluated loans was replenished to reflect incurred losses based on statistical models developed in compliance with IAS 39 on the remaining pool of loans. The amounts required for replenishment were recorded in the financial statements as provision established. |
Provisions, contingent assets, and contingent liabilities | s) Provisions, contingent assets, and contingent liabilities Provisions are liabilities of uncertain timing or amount. Provisions are recognised in the Consolidated Statements of Financial Position when the Bank: i. has a present obligation (legal or constructive) as a result of past events, and ii. it is probable that an outflow of resources will be required to settle these obligations and the amount of these resources can be reliably measured. Contingent assets or contingent liabilities are any potential rights or obligations arising from past events whose existence will be confirmed only by the occurrence or non-occurrence if one or more uncertain future events that are not wholly within control of the Bank. The Consolidated Statements of Financial Position and annual accounts reflect all significant provisions for which it is estimated that it is probable an outflow of resources will be required to meet the obligation where the probability of having to meet the obligation is more likely than not. Provisions are quantified using the best available information on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year. Provisions must specify the liabilities for which they were originally recognised. Partial or total reversals are recognised when such liabilities cease to exist or are reduced. Provisions are classified according to the obligation covered as follows: - Provision for employee salaries and expenses - Provision for mandatory dividends - Provision for contingent credit risks - Provisions for contingencies |
Deferred income taxes and other deferred taxes | t) Deferred income taxes and other deferred taxes The Bank records, when appropriate, deferred tax assets and liabilities for the estimated future tax effects attributable to differences between the carrying amount of assets and liabilities and their tax bases. The measurement of deferred tax assets and liabilities is based on the tax rate, in accordance with the applicable tax laws, using the tax rate that applies to the period when the deferred asset and liability will be settled. The future effects of changes in tax legislation or tax rates are recorded in deferred taxes beginning on the date on which the law is enacted or substantially enacted. |
Use of estimates | u) Use of estimates The preparation of the financial statements requires the Bank’s management to make estimates and assumptions that affect the application of the accounting policies and the reported balances of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. In certain cases, International Financial Reporting Standards (IFRS) require that assets or liabilities be recorded or disclosed at their fair values. The fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When available, quoted market prices in active markets have been used as the basis for measurement. When quoted market prices in active markets are not available, the Bank has estimated such values based on the best information available, including the use of modeling and other valuation techniques. The Bank has established allowances to cover incurred losses to estimate allowances. These allowances must be regularly reviewed taking into consideration factors such as changes in the nature and volume of the loan portfolio, trends in forecasted portfolio quality, credit quality and economic conditions that may adversely affect the borrowers’ ability to pay. Increases in the allowances for loan losses are reflected as “Provision for loan losses” in the Consolidated Statements of Income. Loans are charged-off when the Bank’s management determines that a loan or a portion thereof is impaired. Charge-offs are recorded as a reduction of the allowance for loan losses. The relevant estimates and assumptions made to calculate provisions are regularly reviewed by the Bank’s Management to quantify certain assets, liabilities, revenues, expenses, and commitments. These estimates, made on the basis of the best available information, mainly refer to: - Allowances for loan losses - Impairment losses of certain assets - The useful lives of tangible and intangible assets - The fair value of assets and liabilities - Commitments and contingencies - Current and deferred taxes |
Non-current assets held for sale (in "Other Assets") | v) Non-current assets held for sale (in “Other Assets”) Non-current assets (or a group holding assets and liabilities for disposal) expected to be recovered mainly through the sale of these items rather than through the continued use, are classified as held for sale. Immediately prior to this classification, assets (or elements of a disposable group) are re-measured in accordance with the Bank’s policies. The assets (or disposal group) are measured at the lower of carrying amount and fair value less cost to sell. Assets received or awarded in lieu of payment Assets received or awarded in lieu of payment of loans and accounts receivable from clients are recognised at their fair value (as determined by an independent appraisal). A price is agreed upon by the parties through negotiation or, when the parties do not reach an agreement, at the amount at which the Bank is awarded those assets at a judicial auction. In the both cases, an independent appraisal is performed. The excess of the outstanding loan balance over the fair value is charged to net income for the period, under “Provision for loan losses”. Any excess of the fair value over the outstanding loan balance, less costs to sell of the collateral, is returned to the client. These assets are subsequently adjusted to their net realizable value less cost to sale (assuming a forced sale). The difference between the carrying value of the asset and the estimated fair value less costs to sell is charged to net income for the period, under “Other operating expenses”. The result obtained in the sale of the asset is subsequently recorded under “Other operating income”. Independent appraisals are obtained at least every 18 months and fair values are adjusted accordingly. No adjustments have been made between appraisals with respect to the period covered by these financial statements considering the stability of the real estate market in Chile during past years and expected stability of the real estate market in the coming years. At least once a year, the Bank performs the necessary analysis to update the “cost to sale” of assets received or awarded in lieu of payments. According to the Bank’s survey, as of December 31, 2018 the average cost to sale was estimated at 2.2% of the appraisal value (3.4% as of December 31, 2017). |
Earnings per share | w) Earnings per share Basic earnings per share are determined by dividing the net income attributable to the shareholders of the Bank for the reported period by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are determined in the same way as basic earnings, but the weighted average number of outstanding shares is adjusted to take into consideration the potential diluting effect of stock options, warrants, and convertible debt. As of December 31, 2018 and 2017 the Bank did not have any instruments that generated dilution. |
Temporary acquisition (assignment) of assets and liabilities | x) Temporary acquisition (assignment) of assets and liabilities Purchases or sales of financial assets under non-optional repurchase agreements at a fixed price are recorded in the Consolidated Statements of Financial Position based on the nature of the debtor (creditor) under “Deposits in the Central Bank of Chile,” “Deposits in financial institutions” or “Loans and accounts receivable from customers” (“Central Bank of Chile deposits,” “Deposits from financial institutions” or “Customer deposits”), in Note 7. Differences between the purchase and sale prices are recorded as financial interest over the term of the contract. |
Provision for mandatory dividends | y) Provision for mandatory dividends As of December 31, 2018 and 2017 the Bank recorded a provision for mandatory dividends. This provision is made pursuant to Article 79 of the Corporations Act, which is in accordance with the Bank’s internal policy, pursuant to which at least 30% of net income for the period is distributed, except in the case of a contrary resolution adopted at the respective shareholders’ meeting by unanimous vote of the outstanding shares. This provision is recorded, as a deducting item, under the “Retained earnings – provision for mandatory dividends” line of the Consolidated Statements of Changes in Equity with offset to Provisions. |
Employee benefits | z) Employee benefits i. Post-employment benefits – Defined Benefit Plan: According to current collective labor agreements and other agreements, the Bank has an additional benefit available to its principal executives, consisting of a pension plan whose purpose is to endow them with funds for a better supplementary pension upon their retirement. Features of the Plan: The main features of the Post-Employment Benefits Plan promoted by the Banco Santander Chile are: a. Aimed at the Bank’s management. b. The general requirement to apply for this benefit is that the employee must be carrying out his/her duties when turning 60 years old. c. The Bank will create a pension fund, with life insurance, for each beneficiary in the plan. Periodic contributions into this fund are made by the manager and matched by the Bank. d. The Bank will be responsible for granting the benefits directly. The Bank uses the method of projected unit credit, to determine the present value of the defined benefit obligation and the current service cost. Components of defined benefit cost include: - current service cost and any past service cost, which are recognised in profit or loss for the period; - net interest on the liability (asset) for net defined benefit, which is recognised in profit or loss for the period; - new liability (asset) remeasurements for net defined benefit include: (a) actuarial gains and losses; (b) the difference between the actual return on plan assets and the interest on plan assets included in the net interest component and; (c) changes in the effect of the asset ceiling. The liability (asset) for net defined benefit is the deficit or surplus, determined as the difference between the present value of the defined benefit obligation less the fair value of plan assets. Plan assets comprise the pension fund taken out by the Group with a third party that is not a related party. These assets are held by an entity legally separated from the Bank and exist solely to pay benefits to employees. The Bank recognises the present service cost and the net interest of the Personnel salaries and expenses on the Consolidated Statements of Income. The post-employment benefits liability, recognised in the Consolidated Statements of Financial Position represents the deficit or surplus in the defined benefit plans of the Bank. Any surplus resulting from the calculation is limited to the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions. When employees leave the plan before meeting the requirements to be eligible for the benefit, contributions made by the Bank are reduced. ii. Cash-settled share based compensation The Bank allocates cash-settled share based compensation to executives of the Bank and its Subsidiaries in accordance with IFRS 2. The Bank measures the services received and the obligation incurred at fair value. Until the obligation is settled, the Bank determines the fair value at the end of each reporting period, as well as at the date of settlement, recognising any change in fair value in the income statements of the period. |
Application of new and revised International Financial Reporting Standards | aa) Application of new and revised International Financial Reporting Standards 1. New and revised standards effective in current year The following new and revised IFRS have been adopted in these financial statements: IFRS 9 Financial instruments (2014) Classification & measurement: IFRS 9 defined the financial asset and certain non-financial assets purchases agreements classification and measurement model changes requirements. The main aspects included in the new standard are: a) Classification of financial instruments: The criterion for classifying financial assets will depend both on their business management model and the features of the contractual flows. Consequently, the asset will be measured at amortised cost, at fair value with changes in other comprehensive income (equity), or at fair value with changes in profit and loss for the period. IFRS 9 also establishes the option of designating an instrument at fair value with changes in Profit and loss under certain conditions. The main activity of the Bank is the concession of retail banking transactions and does not concentrate its exposure on complex financial products. The main objective of the Bank is to achieve a homogeneous implementation of the classification of financial instruments of the portfolios established under IFRS 9 and, for this purpose, it has developed standardized guidelines to enable a homogeneous analysis in all of its units. The Bank prepared an analysis of its portfolios under the mentioned guidelines in order to identify and classify the financial instruments into their corresponding portfolio under IFRS 9. Based on the analysis carried out, the Group considered that: ● The Bank offers commercial and consumer banking services, which are consistent with a basic lending arrangement. In accordance with the above mentioned, most of the financial assets classified as “loans and account receivable from customers” continued to be classified at amortised cost, except for 0.4% over the outstanding amount as of December 31, 2017 that was reclassified to be measured at fair value with changes in profit or loss. No other reclassification was made to this portfolio. ● As of December 31, 2017, financial assets classified as “available for sale investments” continued to be classified at fair value with changes reported in other comprehensive income, except for a small ownership in shares that were classified at fair value, with changes reported in other comprehensive income (irrevocably), which representeda 0.01% of the “available for sale investments” as of December 31, 2017. ● The financial assets classified as “trading investments” remained classified at fair value, with changes reported in profit and loss for the year, ● IAS 39 financial liabilities classification and measurement criteria remained substantially under IFRS 9. The Bank considered that all the changes in classification mentioned above were not significant. In October 12, 2017, the IASB issued “Prepayment features with negative compensation” to address particular prepaid options under assessment whether contractual clash flows are solely payments of principal and interest. The Bank concluded that this amendment did not have significant impact over its financial statements. b) Credit risk Impairment model: The most important difference of the current model compared with the prior one was that the new accounting standard introduced the concept of expected loss, whereas IAS 39 was based on incurred loss. ● Scope of application: The IFRS 9 asset impairment model is applicable to financial assets valued at amortised cost, to debt instruments valued at fair value through other comprehensive income, to leasing receivables, and to contingent risks and commitments not valued at fair value. ● " Rebuttable presumption that the credit risk has increased significantly when payments are more than 30 days past due: this threshold is used as an additional - but not primary - indicator of significant risk increase. ● " Financial instruments that have low credit risk at the reporting date. ● " Impairment estimation methodology: The portfolio of financial instruments subject to impairment is divided into three categories, based on the phase of each instrument with regard to its level of credit risk: – Phase 1: a financial instrument is considered to be in this phase when there has been no significant increase in risk since its initial recognition. In this case, the value correction reflects expected credit losses arising from defaults over the 12 months from the reporting date. – Phase 2: financial instruments are included in this phase when there has been a significant increase in risk since the date of initial recognition, but the impairment has not materialized. In this case, the value correction for losses l reflects the expected losses from defaults over the residual life of the financial instrument. The existence of a significant increase in credit risk is determined by considering the quantitative indicators used in the ordinary management of credit risk, together with other qualitative variables, such as the indication of whether refinanced transactions are considered non-impaired and transactions included in special debt sustainability agreements. – Phase 3: financial instruments are catalogued in this phase when they show effective signs of impairment as a result of one or more events that have already occurred that will result in a loss. In this case, the amount of the value correction reflects the expected losses for credit risk over the expected residual life of the financial instrument. The methodology required for quantification of expected loss for credit events is based on an unbiased and weighted consideration of the occurrence of a range of possible future scenarios that could impact the collection of contractual cash flows, taking into account the time-value of money, all available information relevant to past events, and current conditions and projections of macroeconomic factors deemed relevant to the estimation of this amount. The assessment of whether a significant increase in credit risk has occurred since initial recognition involves the application of both quantitative measures and qualitative factors, requires management judgement and is a key aspect of the IFRS 9 methodology. The key inputs into the measurement of the ECL (expected credit loss) are EAD (exposure at default), PD (probability of default) and LGD (loss given default). These parameters are derived from internally developed statistical models and other historical data that leverage regulatory models. They are adjusted to reflect forward-looking information. The Bank has focused in developing an “expected credit loss” model in accordance with all IFRS 9 requirements, including all essential definitions: ● Significant increase in credit risk ● Default ● Forward-looking information: the Bank has incorporated forward-looking information into both its assessment of whether the credit risk of an instrument has increased significantly since initial recognition and its measurement of ECLs. Following this, the Bank has developed macroeconomic scenarios and considers the relative probability of each outcome. External information includes macroeconomic factor as PIB, among others. ● Financial assets expected lives: the Bank considers contractual terms of the instruments (amortization, prepayments features, extension terms, etc.). The bank measures ECLs considering the risk of default over the maximum contractual period. For certain revolving facilities (e.g. credit card and overdraft), the expected lives is the credit risk exposure period and credit risk management actions that the Bank expects to take and that serve to mitigate ECLs. ● Impairment records: IFRS 9 established changes related to the FVOCI financial assets, where the amount of the change in the fair value that is attributable to changes in the credit risk of the financial asset is presented in other comprehensive income, and the remaining amount of the change in the fair value is presented in profit or loss. c) Hedge accounting: The general hedge accounting requirements align more closely with risk management practices and establish a more principle-based approach thereby allowing hedge accounting to be applied to a wider variety of hedging instruments and risks. Macro hedge accounting is being dealt with as a separate project. The Bank has applied IFRS 9 and IFRS 7R, effective for annual periods beginning on January 1, 2018, for the first time. Changes include updated accounting policies, classification and measurement of financial assets and liabilities and impairment of financial assets, as well as transition disclosure (Note 2), detailed qualitative and quantitative information about ECL calculations, reconciliations from opening to closing ECL allowance and gross carrying amount of Account and receivable measured at amortised cost and FVOCI. As permitted by the transitional provisions of IFRS 9, the Bank has elected not to restate comparative figures. Any adjustments to the carrying amounts of financial assets and liabilities at the transition date were recognised in the opening retained earnings and other reserves of the current period. The comparative period notes to the financial statements present the same disclosures made in prior year. IFRS 15, Income from contracts with clients On April 12, 2016, the IASB issued “Clarifications to IFRS 15 Revenue from contracts with customers”, this amendments do not change the underlying principles of the standard, just clarify and offer some additional transition relief. The main topics addressed by this amendment comprise: Indentifying performance obligations, Principal versus agent cosniderations and licensing in addition to transition relief. This standard was applicable from January 1, 2018, with early application permitted. Management performed a detailed review of the new five-step model of revenue recognition, and concluded that this standard did not have a material impact on the Bank's financial statements. See Note 2 for additional information regarding the adoption of this standard. Amendments to IFRS 2 Classification and measurement of share-based payment transactions • The accounting of share- based payment transactions paid in cash that include a performance condition • The classification of share-based transactions • Accounting for modifications of share-based payment transactions from cash-settled to equity-settled. This standard was applicable from January 1, 2018, with early application permitted. Management evaluation concluded that this amendment did not have a material impact on the Bank’s financial statements. Amendments to IFRS 4: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts - an option that permits entities to reclassify, from profit or loss to other comprehensive income, some of the income or expenses arising from designated financial assets (the “overlay approach”); - an optional temporary exemption from applying IFRS 9 for entities whose predominant activity is issuing contracts within the scope of IFRS 4 (the “deferral approach”). An entity would apply the overlay approach retrospectively to qualifying financial assets when it first applies IFRS 9 while an entity would apply the deferral approach for annual periods beginning on or after January 1, 2018. Management evaluation conclude that this amendment did not have a material impact on the Bank's financial statements. IFRIC 22 Foreign Currency Transactions and Advance Consideration – The date of the transaction, for the purpose of determining the exchange rate, is the date of initial recognition of the non-monetary prepayment asset or deferred income liability. If there are multiple payments or receipts in advance, a date of transaction is established for each payment or receipt. IFRIC 22 was effective for annual reporting periods beginning on or after 1 January 2018. Earlier application was permitted. Management evaluation concluded that this amendment did not have a material impact on the Bank’s financial statements. Annual Improvement 2014-2016 IFRS 1 First time adoption of IFRS IAS 28 Investments in Associates and Joint Ventures The amendments to IFRS 1 and IAS 28 were effective for annual periods beginning on or after 1 January 2018. Management concluded that this amendment did not have a material impact on the Bank’s financial statements. 2. New and revised IFRS issued but not effective As of the closing date of these financial statements, new International Financial Reporting Standards had been published as well as interpretations of them, which were not mandatory as of December 31, 2018. Although in some cases the application is permitted by the IASB, the Bank has not made its application on that date. Sale or Contributions of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) - ● requires full recognition in the investor’s financial statements of gains and losses arising on the sale or contribution of assets that constitute a business (as defined in IFRS 3 Business Combinations); ● requires the partial recognition of gains and losses where the assets do not constitute a business, i.e. a gain or loss is recognised only to the extent of the unrelated investors’ interests in that associate or joint venture. On December 17, 2015 the IASB has published final amendments to “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”. The amendments defer the effective date of the September 2014 amendments to these standards indefinitely until the research project on the equity method has been concluded. The Bank’s management has considered that these amendments will not have a material impact on the consolidated financial statements of the Bank. IFRS 16 Leases The bank has established a team that has reviewed the Bank’s lease agreements, under the new lease accounting guidelines in IFRS 16. The standard mainly affects the accounting of the Bank’s operating leases. To date, the Bank has non-cancelable operating lease commitments and short-term leases, which will be recognised directly as lease expenses in results. The Bank has elected to apply the simplified transition approach and will not re-state the comparative amounts for the year prior to adoption. The right-of-use assets for property leases will be measured in the transition as if the new rules had always been applied. All other assets for right of use will be measured at the amount of the lease liability in the adoption (adjusted for any lease expense paid in advance or accrued). IFRIC 23 Uncertainty over Income Tax Treatments – The Bank’s management has considered that these amendments will not have material impact on the consolidated financial statements of the Bank. Amendments to IAS 28 long-term interest in Associates and Joint Ventures - The Bank’s management has considered that these amendments will not have a material impact on the consolidated financial statements of the Bank. Annual Improvements to IFRS Standards 2015–2017 Cycle This annual improvements issued in December 12, 2017, containing the following amendments: IFRS 3 Business Combination and IFRS 11 Joint Arrangements – The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it remeasures previously held interests in that business. The amendments to IFRS 11 clarify an entity obtains joint control of a business that is a joint operation, the entity does not remeasure previously held interest in that business. IAS 12 Income taxes – The amendments clarify that all income tax consequences of dividends should be recognised in profit or loss, regardless of how the tax arises. IAS 23 Borrowing cost – The amendments clarify that if any specific borrowing remain outstanding after the related asset is ready for its intended use or sale, that borrowing becomes part of the funds that an entity borrows generally when calculating the capitalization rate on general borrowings. The amendments are effective for periods beginning on or after January 1, 2019, early application is permitted. The Bank’s management has considered that these amendments will not have a material impact on the consolidated financial statements of the Bank. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Summary Of Significant Accounting Policies | |
Schedule of subsidiaries | The following companies are considered entities controlled by the Bank and are therefore within the scope of consolidation: i. Entities controlled by the Bank through participation in equity Name of the Subsidiary Percent ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Direct Indirect Total Direct Indirect Total Direct Indirect Total Main Activity % % % % % % % % % Santander Corredora de Seguros Limitada Insurance brokerage Santiago, Chile 99.75 0.01 99.76 99.75 0.01 99.76 99.75 0.01 99.76 Santander Corredores de Bolsa Limitada Financial instruments brokerage Santiago, Chile 50.59 0.41 51.00 50.59 0.41 51.00 50.59 0.41 51.00 Santander Agente de Valores Limitada (*) Securities brokerage Santiago, Chile 99.03 - 99.03 99.03 - 99.03 99.03 - 99.03 Santander S.A. Sociedad Securitizadora Purchase of credits and issuance of debt instruments Santiago, Chile 99.64 - 99.64 99.64 - 99.64 99.64 - 99.64 (*) On July 25, 2018, the company has ceased conducting foreign currency purcharse and sale operations, hence forth this operation will be carried out directly by the Bank. |
Schedule of associates | The following companies are considered “Associates” in which the Bank accounts for its participation using the equity method: Percentage of ownership share As of December 31, Place of Incorporation and operation 2018 2017 2016 Associates Main activity % % % Redbanc S.A. ATM services Santiago, Chile 33.43 33.43 33.43 Transbank S.A. (*) Debit and credit card services Santiago, Chile 25.00 25.00 25.00 Centro de Compensación Automatizado Electronic fund transfer and compensation services Santiago, Chile 33.33 33.33 33.33 Sociedad Interbancaria de Depósito de Valores S.A. Delivery of securities on public offer Santiago, Chile 29.29 29.29 29.29 Cámara Compensación de Alto Valor S.A. Payments clearing Santiago, Chile 15.00 15.00 14.93 Administrador Financiero del Transantiago S.A. Administration of boarding passes to public transportation Santiago, Chile 20.00 20.00 20.00 Sociedad Nexus S.A. Credit card processor Santiago, Chile 12.90 12.90 12.90 Servicios de Infraestructura de Mercado OTC S.A. Administration of the infrastructure for the financial market of derivative instruments Santiago, Chile 12.48 12.48 12.07 (*) The Bank has given a mandate to third party to exercise its rights as shareholder in Transbank. |
Schedule of useful lives for the tangible assets | The Bank applies the following useful lives for the tangible assets that comprise its assets: ITEM Useful life (Months) Land - Paintings and works of art - Carpets and curtains 36 Computers and hardware 36 Vehicles 36 IT systems and software 36 ATMs 60 Other machines and equipment 60 Office furniture 60 Telephone and communication systems 60 Security systems 60 Rights over telephone lines 60 Air conditioning systems 84 Other installations 120 Buildings 1,200 |
Schedule of loan and accounts receivable charge-offs | Loan and accounts receivable charge-offs were recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below: Type of loan Term Consumer loans with or without collateral 6 months Other transactions without collateral 24 months Commercial loans with collateral 36 months Mortgage loans 48 months Consumer leasing 6 months Other non-mortgage leasing transactions 12 months Mortgage leasing (household and business) 36 months |
ACCOUNTING CHANGES (Tables)
ACCOUNTING CHANGES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Changes | |
Schedule of financial position and retained earning | The following disclosure provides the impact of adopting IFRS 9 on the statements of financial position and retained earnings including the effect of replacing IAS 39’s incurred credit loss provision with IFRS 9’s ECLs. IAS 39 carrying amount IFRS 9 carrying amount Ref Category Amount Reclassification Remeasurement Amount Category MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ AMORTISED COST Cash and deposit in banks Opening balance under IAS 39 and closing under IFRS 9 AC 1,452,922 - - 1,452,922 AC Interbank loans, net Opening balance under IAS 39 AC 162,213 - - - - Remeasurement: ECL Allowance A - - (162,213) - - - Closing balance under IFRS9 - - - - - - Loans and accounts receivable from customers, net Opening balance under IAS 39 AC 26,772,544 - - - - Addition: from interbank loans A - - 162,213 - - - Subtraction to FVOCI (net of allowance) B - - (107,846) Remeasurement: ECL Allowance - - - (97,322) - Closing balance under IFRS 9 - - - - 26,729,589 AC Total financial assets measured at amortised cost 28,387,679 (107,846) (97,322) 28,182,511 FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (FVOCI) Available for sale investment (debt securities) Opening balance under IAS 39 FVOCI 2,574,546 - - - Remeasurement: ECL Allowance - - - Closing balance under IFRS 9 - - - 2,574,546 FVOCI Loans and accounts receivable from customers , net Opening balance under IAS 39 AC - - - - Addition: from amortised cost (net of allowance) B - 107,846 - - Remeasurement: from cost to FV B - - (236) - Remeasurement: ECL Allowance B - - 291 - Closing balance under IFRS 9 - 107,846 55 107,901 FVOCI Investment in associate and other companies – Bladex (equity instuments) Opening balance under IAS 39 Cost 136 - - - Remeasurement: from cost to FV C - - 306 - Closing balance under IFRS 9 - - 306 442 FVOCI Investment in associate and other companies- Stock exchange (equity instruments) Opening balance under IAS 39 FV 287 - - - Remeasurement: from cost to FV - - - - Closing balance under IFRS 9 C - - - 287 FVOCI Total financial assets measured at FVOCI 2,574,969 107,846 361 2,683,176 Ref IAS 39 carrying amount IFRS 9 carrying amount Category Amount Reclassification Remeasurement Amount Category MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ FAIR VALUE THROUGH PROFIR OR LOSS (FVPL) Trading investment Opening balance under IAS 39 and closing under IFRS 9 FVPL 485,736 485,736 FVPL Derivatives contracts (hedging + trading Opening balance under IAS 39 and closing under IFRS 9 FVPL 2,238,647 2,238,647 FVPL Total financial assets measured at FVTPL 2,724,383 2,274,383 |
Schedule of impairment allowance | The following table reconcilies the prior period’s closing impairment allowance measured in accordance with the IAS 39 incurred loss model to the new impairment model: Loans loss allowance under IAS 39 Reclassification Remeasurement Loans loss allowance under IFRS 9 MCh$ MCh$ MCh$ MCh$ Loans and receivable (IAS 39)/ Financial assets at amortised cost (IFRS 9) Interbank loans 472 (472) - - Loans and account receivable from customers 790,685 84 97,322 888,091 Total loans and account receivable at amortised cost 791,157 (388) 97,322 888,091 Available for sale investment (IAS39)/Financial assets at FVOCI (IFRS 9) Loans and account receivable from customer – at FVOCI - 388 (291) 97 Total financial assets at FVOCI - 388 (291) 97 Other credit- related commitments Contingent liabilities 8,404 - (3,767) 4,637 Loan commitments - - 19,124 19,124 Total contingents 8,404 - 15,357 23,761 Total provision for loan losses 799,561 - 112,388 911,949 |
Schedule of composation of loan portfolio | The composition of the loan portfolio as of January 1, 2018 is as follows: As of January 1, 2018 Assets before allowances ECL allowance Net Assets Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Interbank loans 162,685 - - 162,685 13 - - 13 162,672 Commercial loans 8,743,179 595,436 543,807 9,882,422 56,546 36,541 246,870 339,957 9,542,465 Foreign trade loans 1,464,059 56,110 54,344 1,574,513 4,883 849 33,480 39,212 1,535,301 Checking accounts debtors 173,738 8,005 13,953 195,696 2,302 411 9,385 12,098 183,598 Factoring transactions 441,014 4,035 4,841 449,890 837 91 3,366 4,294 445,596 Student loans 70,984 7,402 9,904 88,290 3,644 2,329 6,092 12,065 76,225 Leasing transactions 1,235,103 161,882 60,019 1,457,004 8,946 9,553 27,835 46,334 1,410,670 Other loans and account receivable 110,307 5,663 36,623 152,593 2,640 1,549 24,551 28,740 123,853 Subtotal 12,401,069 838,533 723,491 13,963,093 79,811 51,323 351,579 482,713 13,317,708 Mortgage loans Loans with mortgage finance bonds 21,529 1,230 1,301 24,060 25 51 172 248 23,812 Endorsable mortgage mutual loans 107,900 2,973 4,205 115,078 100 143 628 871 114,207 Other mortgage mutual loans 8,061,800 465,146 430,811 8,957,757 14,477 20,033 72,390 106,900 8,850,857 Subtotal 8,191,229 469,349 436,317 9,096,895 14,602 20,227 73,190 108,019 8,988,876 Consumer loans Installment consumer loans 2,378,614 234,044 298,084 2,910,742 51,172 46,866 157,811 255,849 2,654,893 Credit card balances 1,324,742 20,916 19,322 1,364,980 20,443 7,633 11,982 40,058 1,324,922 Leasing transactions 4,627 47 41 4,715 1,013 23 74 1,110 3,605 Other consumer loans 270,410 2,573 4,272 277,255 84 35 223 342 276,913 Subtotal 3,978,393 257,580 321,719 4,557,692 72,712 54,557 170,090 297,359 4,260,333 Total 24,570,691 1,565,462 1,481,527 27,617,680 167,125 126,107 594,859 888,091 26,566,917 |
SIGNIFICANT EVENTS (Tables)
SIGNIFICANT EVENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Significant Events | |
Schedule of senior bonds | During the year ended December 31, 2018 the Bank has issued senior bonds int the amount of AUD 20,000,000, EUR 66,000,000, CHF 115,000,000, JPY 7,000,000,000 and USD 70,000,000 Debt issuance information is included in Note 19. Series Currency Amount Term (annual) Issuance rate (annual) Issuance date Maturity date AUD AUD 20,000,000 5 3.56 05-11-2018 13-11-2023 Total AUD 20,000,000 CHF CHF 115,000,000 5 0.44 04-09-2018 21-12-2023 Total CHF 115,000,000 EUR EUR 26,000,000 7 1.00 04-05-2018 28-05-2025 EUR EUR 40,000,000 12 1.78 08-06-2018 15-06-2030 Total EUR 66,000,000 JPY JPY 4,000,000,000 10.5 0.65 05-07-2018 13-01-2029 JPY JPY 3,000,000,000 5 0.56 23-10-2018 23-10-2023 Total JPY 7,000,000,000 USD USD 50,000,000 10 3.69 02-10-2018 10-10-2028 USD USD 20,000,000 2 4.17 05-11-2018 16-11-2020 Total USD 70,000,000 |
Schedule of repurchase of bonds | The Bank has conducted the following repurchase of bonds as of December 31, 2018: Date Series Amount 04-01-2018 Senior bond CLP 12,890,000,000 04-01-2018 Senior bond CLP 4,600,000,000 22-01-2018 Senior bond UF 24,000 05-04-2018 Senior bond UF 484,000 06-04-2018 Senior bond UF 184,000 23-04-2018 Senior bond UF 216,000 24-04-2018 Senior bond UF 4,000 25-04-2018 Senior bond UF 262,000 10-05-2018 Senior bond UF 800,000 07-06-2018 Senior bond USD 3,090,000 11-12-2018 Senior bond USD 250,000,000 |
REPORTING SEGMENTS (Tables)
REPORTING SEGMENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Reporting Segments | |
Schedule of reporting segment | Below are the tables showing the Bank’s results by reporting segment for the years ended December 31, 2018, 2017 and 2016 in addition to the corresponding balances of loans and accounts receivable from customers: For the year ended December 31, 2018 Loans and accounts receivable at amortised cost (1) Net interest income Net fee and commission income Financial transactions, net (2) Expected credit losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 20,786,637 949,764 220,532 19,694 (287,739) (553,157) 349,094 Middle-market 7,690,380 272,912 36,746 16,848 (26,314) (92,377) 207,815 Commercial Banking 28,477,017 1,222,676 257,278 36,542 (314,053) (645,534) 556,909 Global Corporate Banking 1,613,088 96,722 35,064 57,340 2,339 (64,913) 126,552 Other 123,309 94,970 (1,457) 11,200 (5.694) (11,486) 87,533 Total 30,213,414 1,414,368 290,885 105,082 (317,408) (721,933) 770,994 Other operating income 23,129 Other operating expenses and impairment (32,381) Income from investments in associates and other companies 5,095 Income tax expense (167,144) Net income for the year 599,693 (1) Corresponds to loans and accounts receivable at amortised cost under IFRS 9, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. For the year ended December 31, 2017 Loans and accounts receivable from customers (1) Net interest income Net fee and commission income Financial transactions, net (2) Provision for loan losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 19,233,169 970,332 206,449 20,595 (293,956) (534,970) 368,450 Middle-market 6,775,734 264,663 36,280 13,751 (19,235) (91,882) 203,577 Commercial Banking 26,008,903 1,234,995 242,729 34,346 (313,191) (626,852) 572,027 Global Corporate Banking 1,633,796 100,808 27,626 50,714 6,440 (62,685) 122,903 Other 83,215 (9,112) 8,708 44,692 4,496 (15,356) 33,428 Total 27,725,914 1,326,691 279,063 129,752 (302,255) (704,893) 728,358 Other operating income 62,016 Other operating expenses and impairment (74,057) Income from investments in associates and other companies 3,963 Income tax expense (145,031) Net income for the year 575,249 (1) Corresponds to loans and accounts receivable from customers, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. For the year ended December 31, 2016 Loans and accounts receivable from customers (1) Net interest income Net fee and commission income Financial transactions, net (2) Provision for loan losses Support expenses (3) Segment`s net contribution MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Retail Banking 18,604,936 931,105 196,845 21,141 (323,888) (529,909) 295,294 Middle-market 6,396,376 244,960 30,851 19,577 (26,748) (83,412) 185,228 Commercial Banking 25,001,312 1,176,065 227,696 40,718 (350,636) (613,321) 480,522 Global Corporate Banking 2,121,513 95,105 25,077 55,927 7,579 (53,935) 129,753 Other 83,606 10,196 1,651 43,713 974 (19,649) 36,885 Total 27,206,431 1,281,366 254,424 140,358 (342,083) (686,905) 647,160 Other operating income 6,427 Other operating expenses and impairment (69,136) Income from investments in associates and other companies 3,012 Income tax expense (109,031) Net income for the year 478,432 (1) Corresponds to loans and accounts receivable from customers, without deducting their allowances for loan losses. (2) Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. (3) Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. |
CASH AND CASH EQUIVALENTS (Tabl
CASH AND CASH EQUIVALENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Cash and cash equivalents [abstract] | |
Schedule of cash and cash equivalents | The detail of the balances included under cash and cash equivalents is as follows: As of December 31, 2018 2017 MCh$ MCh$ Cash and deposits in banks Cash 824,863 613,361 Deposits at the Central Bank of Chile 953,016 441,683 Deposits in local banks 664 393 Deposits in banks abroad 286,898 397,485 Subtotals – Cash and deposits in banks 2,065,411 1,452,922 Net cash items in process of collection 190,714 181,419 Cash and cash equivalents 2,256,155 1,634,341 |
Schedule of cash in process of collection and in process | Cash items in process of collection and in process of being cleared represent domestic transactions which have not been processed through the central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. These transactions were as follows: As of December 31, 2018 2017 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 210,546 199,619 Funds receivable 143,211 468,526 Subtotal 353,757 668,145 Liabilities Funds payable 163,043 486,726 Subtotal 163,043 486,726 Cash in process of collection, net 190,714 181,419 |
FINANCIAL ASSETS HELD FOR TRA_2
FINANCIAL ASSETS HELD FOR TRADING / TRADING INVESTMENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Financial Assets Held For Trading Trading Investments | |
Schedule of instruments deemed as financial trading investments | The detail of instruments deemed as financial trading investments is as follows: As of December 31, 2018 2017 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank Bonds 22,947 272,272 Chilean Central Bank Notes - - Other Chilean Central Bank and Government securities 48,211 209,370 Subtotal 71,158 481,642 Other Chilean securities Time deposits in Chilean financial institutions - - Mortgage finance bonds of Chilean financial institutions - - Chilean financial institution bonds - - Chilean corporate bonds - - Other Chilean securities - - Subtotal - - Foreign financial securities Foreign Central Banks and Government securities - - Other foreign financial instruments 5,883 - Subtotal 5,883 - Investments in mutual funds Funds managed by related entities - 4,094 Funds managed by others - - Subtotal - 4,094 Total 77,041 485,736 |
INVESTMENTS UNDER RESALE AGRE_2
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments Under Resale Agreements And Obligations Under Repurchase Agreements | |
Schedule of receivables from repurchase agreements and security borrowing | The Bank purchases financial instruments agreeing to resell them at a future date. As of December 31, 2018 and 2017, rights associated with instruments acquired under contracts to resell are as follows: As of December 31, 2018 2017 From 1 day and less than 3 months More than 3 months and less than 1 year More than 1 year Total From 1 day and less than 3 months More than 3 months and less than 1 year More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities from the Chilean Government and the Chilean Central Bank Chilean Central Bank Bonds - - - - - - - - Chilean Central Bank Notes - - - - - - - - Other securities from the Government and - - - - - - - - Subtotal - - - - - - - - Total - - - - - - - - |
Schedule of selling financial instruments | The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2018 and 2017, obligations related to instruments sold under repurchase agreements are as follows: As of December 31, 2018 2017 From 1 day to less than 3 months More than 3 months and less than 1 year More than 1 year Total From 1 day to less than 3 months More than 3 months and less than 1 year More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities from Chilean Government and the Chilean Central Bank: Chilean Central Bank Bonds 48,307 - - 48,307 - - - - Chilean Central Bank Notes - - - - - - - - Other securities from the Government and the Chilean Central Bank 110 - - 110 241,995 - - 241,995 Subtotal 48,417 - - 48,417 241,995 - - 241,995 Instruments from other domestic institutions: 128 - - 128 Time deposits in Chilean financial institutions 1,118 38 - 1,156 Subtotal 128 - - 128 1,118 38 - 1,156 Instruments from other foreign institutions: Securities from Government or foreign Central Banks - - - - 24,910 - - 24,910 Subtotal - - - - 24,910 - - 24,910 Total 48,545 - - 48,545 268,023 38 - 268,061 |
Schedule of portfolio of collateral associated with repurchase agreements at fair value | Below is the detail by portfolio of collateral associated with repurchase agreements as of December 31, 2018 and 2017, valued at fair value: As of December 31, 2018 2017 Available for sale portfolio Trading portfolio Total Available for sale portfolio Trading portfolio Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean Central Bank and Government securities: Chilean Central Bank Bonds 49,040 - 49,040 - - - Chilean Central Bank Notes - - - - - - Other securities from the Government and the Chilean Central Bank 109 - 109 241,995 - 241,995 Subtotal 49,149 - 49,149 241,995 - 241,995 Other Chilean securities: Time deposits in Chilean financial institutions 132 - 132 1,156 - 1,156 Subtotal 132 - 132 1,156 - 1,156 Instruments from other foreign institutions: Securities from Government or foreign Central Banks - - - 24,910 - 24,910 Subtotal - - - 24,910 - 24,910 Total 49,281 - 49,281 268,061 - 268,061 |
DERIVATIVE FINANCIAL INSTRUME_2
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Financial Instruments And Hedge Accounting | |
Schedule of derivative instruments portfolio | As of December 31, 2018 and 2017 the Bank holds the following portfolio of derivative instruments: As of December 31, 2018 Notional amount Fair value Up to 3 Months More than 3 months to 1 year More than 1 year Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fair value hedge derivatives Interest rate swaps 80,000 491,600 1,191,012 1,762,612 14,789 9,188 Cross currency swaps - 1,276,909 6,706,197 7,983,106 96,357 36,708 Subtotal 80,000 1,768,509 7,897,209 9,745,718 111,146 45,896 Cash flow hedge derivatives Currency forwards 205,750 168,151 - 373,901 - 8,013 Cross currency swaps 1,920,900 1,970,412 9,191,209 13,082,521 79,859 32,712 Subtotal 2,126,650 2,138,563 9,191,209 13,456,422 79,859 40,725 Trading derivatives Currency forwards 15,301,943 13,080,875 6,062,183 34,445,001 613,063 466,741 Interest rate swaps 12,024,095 22,064,681 69,453,618 103,542,394 723,870 577,835 Cross currency swaps 2,173,111 8,853,306 68,976,339 80,002,756 1,568,365 1,385,314 Call currency options 26,731 60,235 57,579 144,545 4,332 854 Call interest rate options - - - - - - Put currency options 23,411 50,445 56,392 130,248 - 363 Other derivatives - - - - - - Subtotal 29,549,291 44,109,542 144,606,111 218,264,944 2.909.630 2.431.107 Total 31,755,941 48,016,614 161,694,529 241,467,084 3,100,635 2,517,728 As of December 31, 2017 Notional amount Fair value Up to 3 months More than 3 months to 1 year More than 1 year Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fair value hedge derivatives Interest rate swaps - 162,985 1,554,171 1,717,156 23,003 1,424 Cross currency swaps - 715,701 5,362,772 6,078,473 15,085 65,724 Subtotal - 878,686 6,916,943 7,795,629 38,088 67,148 Cash flow hedge derivatives Currency forwards 801,093 218,982 - 1,020,075 39,233 59 Cross currency swaps 421,428 1,637,604 6,672,566 8,731,598 36,403 128,355 Subtotal 1,222,521 1,856,586 6,672,566 9,751,673 75,636 128,414 Trading derivatives Currency forwards 17,976,683 10,679,327 3,091,393 31,747,403 412,994 502,555 Interest rate swaps 9,069,964 14,389,389 46,342,779 69,802,132 467,188 392,366 Cross currency swaps 2,963,641 7,503,144 47,111,371 57,578,156 1,241,632 1,042,120 Call currency options 190,386 37,099 49,853 277,338 1,322 1,950 Call interest rate options - - - - - - Put currency options 192,722 28,616 50,470 271,808 1,787 4,935 Other derivatives - - - - - - Subtotal 30,393,396 32,637,575 96,645,866 159,676,837 2,124,923 1,943,926 Total 31,615,917 35,372,847 110,235,375 177,224,139 2,238,647 2,139,488 |
Schedule of fair value hedged | Below is a detail of the hedged elements and hedge instruments under fair value hedges as of December 31, 2018 and 2017, classified by term to maturity: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable from customers: Endorsable mortgage mutual loans 653.872 1.272.382 276.590 603.818 2.806.662 Available for sale investments Yankee bonds - - - 172,072 172,072 Mortgage financing bonds - - 3,779 - 3,779 Treasury bonds (BTP) - - - 174,440 174,440 Chilean Treasury bonds - 304,818 - 220,041 524,859 Chilean Central Bank bonds - 449,730 - - 449,730 Time deposits and other time liabilities Time deposits 321,600 - - 164,413 486,013 Issued debt instruments Senior bonds 708,624 1,117,779 1,298,470 2,003,289 5,128,162 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 Hedging instrument Cross currency swaps 1,112,496 2,794,709 1,228,839 2,847,061 7,983,105 Interest rate swaps 571,600 350,000 350,000 491,012 1,762,612 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable from customers: Endorsable mortgage mutual loans 587,412 801,230 106,910 - 1,495,552 Available for sale investments Yankee bonds - - 6,169 64,769 70,938 Mortgage financing bonds - - 4,738 - 4,738 Treasury bonds (BTP) - - - 129,539 129,539 Chilean Treasury bonds - 21,377 762,727 - 784,104 Chilean Central Bank bonds (BCP) 128,289 218,640 443,357 - 790,286 Time deposits and other time liabilities Time deposits 137,985 - - - 137,985 Issued debt instruments Senior bonds 25,000 1,399,686 670,488 2,287,313 4,382,487 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 Hedging instrument Cross currency swaps 715,701 1,512,238 1,813,221 2,037,313 6,078,473 Interest rate swaps 162,985 928,695 181,168 444,308 1,717,156 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 |
Schedule of cash flow hedged | Below is the notional amount of the hedged items as of December 31, 2018 and 2017, and the period when the cash flows will be generated: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Mortgage loans 1,890,696 3,026,824 1,459,389 2,467,090 8,843,999 Commercial loans 39,809 69,776 - - 109,585 Available for sale investments Yankee bond - - - - - Chilean Central Bank bonds - - 246,306 246,306 Time deposits - - 166,628 - 166,628 Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) - 666,823 - - 666,823 Senior bonds (fixed rate) 456,478 203,594 450,835 503,721 1,614,628 Interbank borrowings Interbank loans 1,764,348 - - - 1,764,348 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 Hedging instrument Cross currency swaps 3,891,311 3,853,136 2,323,158 2,970,811 13,038,416 Currency forwards 260,020 113,881 - - 373,901 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Mortgage loans 1,153,348 583,061 1,335,141 2,353,871 5,425,421 Commercial loans 644,608 - - - 644,608 Available for sale investments Yankee bond - - 25,290 132,572 157,862 Chilean Central Bank bonds - - 242,819 - 242,819 Time deposits - - - - - Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) 120,520 647,550 302,454 - 1,070,524 Senior bonds (fixed rate) 241,183 121,619 224,401 300,874 888,077 Interbank borrowings Interbank loans 919,448 402,914 - - 1,322,362 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 Hedging instrument Cross currency swaps 2,059,032 1,755,144 2,130,105 2,787,317 8,731,598 Currency forwards 1,020,075 - - - 1,020,075 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 |
Schedule of forecasted cash flows for interest rate risk | Below is a detail of the hedged elements and hedge instruments under fair value hedges as of December 31, 2018 and 2017, classified by term to maturity: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable at amortised cost Endorsable mortgage mutual loans 653,872 1,272,382 276,590 603,818 2,806,662 Debt instruments at FVOCI Yankee bonds - - - 172,072 172,072 Mortgage financing bonds - - 3,779 - 3,779 Treasury bonds (BTP) - - - 174,440 174,440 Chilean Treasury bonds - 304,818 - 220,041 524,859 Chilean Central Bank bonds - 449,730 - - 449,730 Time deposits and other time liabilities Time deposits 321,600 - - 164,413 486,013 Issued debt instruments Senior bonds 708,624 1,117,779 1,298,470 2,003,289 5,128,162 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 Hedging instrument Cross currency swaps 1,112,496 2,794,709 1,228,839 2,847,061 7,983,105 Interest rate swaps 571,600 350,000 350,000 491,012 1,762,612 Total 1,684,096 3,144,709 1,578,839 3,338,073 9,745,717 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable from customers Endorsable mortgage mutual loans 587,412 801,230 106,910 - 1,495,552 Available for sale investments Yankee bonds - - 6,169 64,769 70,938 Mortgage financing bonds - - 4,738 - 4,738 Treasury bonds (BTP) - - - 129,539 129,539 Chilean Treasury bonds - 21,377 762,727 - 784,104 Chilean Central Bank bonds (BCP) 128,289 218,640 443,357 - 790,286 Time deposits and other time liabilities Time deposits 137,985 - - - 137,985 Issued debt instruments Senior bonds 25,000 1,399,686 670,488 2,287,313 4,382,487 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 Hedging instrument Cross currency swaps 715,701 1,512,238 1,813,221 2,037,313 6,078,473 Interest rate swaps 162,985 928,695 181,168 444,308 1,717,156 Total 878,686 2,440,933 1,994,389 2,481,621 7,795,629 |
Schedule of forecasted cash flows for inflation risk | Below is the notional amount of the hedged items as of December 31, 2018 and 2017, and the period when the cash flows will be generated: As of December 31, 2018 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivable at amortised cost Mortgage loans 1,890,696 3,026,824 1,459,389 2,467,090 8,843,999 Commercial loans 39,809 69,776 - - 109,585 Debt instruments at FVOCI Yankee bond - - - - - Chilean Central Bank bonds - - 246,306 246,306 Time deposits - - 166,628 - 166,628 Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) - 666,823 - - 666,823 Senior bonds (fixed rate) 456,478 203,594 450,835 503,721 1,614,628 Interbank borrowings Interbank loans 1,764,348 - - - 1,764,348 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 Hedging instrument Cross currency swaps 3,891,311 3,853,136 2,323,158 2,970,811 13,038,416 Currency forwards 260,020 113,881 - - 373,901 Total 4,151,331 3,967,017 2,323,158 2,970,811 13,412,317 As of December 31, 2017 Within 1 year Between 1 and 3 years Between 3 and 6 years Over 6 years Total MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Mortgage loans 1,153,348 583,061 1,335,141 2,353,871 5,425,421 Commercial loans 644,608 - - - 644,608 Available for sale investments Yankee bond - - 25,290 132,572 157,862 Chilean Central Bank bonds - - 242,819 - 242,819 Time deposits - - - - - Time deposits and other time liabilities Time deposits - - - - - Issued debt instruments Senior bonds (variable rate) 120,520 647,550 302,454 - 1,070,524 Senior bonds (fixed rate) 241,183 121,619 224,401 300,874 888,077 Interbank borrowings Interbank loans 919,448 402,914 - - 1,322,362 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 Hedging instrument Cross currency swaps 2,059,032 1,755,144 2,130,105 2,787,317 8,731,598 Currency forwards 1,020,075 - - - 1,020,075 Total 3,079,107 1,755,144 2,130,105 2,787,317 9,751,673 |
Schedule of market adjustment of cash flow hedges produced by hedge instruments | The accumulated effect of the mark to market adjustment of cash flow hedges produced by hedge instruments used in hedged cash flow was recorded in the Consolidated Statements of Changes in Equity, specifically within Other comprehensive income, as of December 31, 2018 and 2017, is as follows: As of December 31, Hedged item 2018 2017 MCh$ MCh$ Interbank loans 309 (4,779) Time deposits and other time liabilities - - Issued debt instruments (10,893) (8,683) Available for sale investments - (364) Loans and accounts receivable from customers - 10,264 Debt instruments at FVOCI (1,392) - Loans and accounts receivable at amortised cost 21,779 - Net flows 9,803 (3,562) |
Schedule of cash flow hedges amount reclassified from other comprehensive income | Below is a presentation of income generated by cash flow hedges amount that were reclassified from other comprehensive income to income for the year: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Bond hedging derivatives - - (77) Interbank loans hedging derivatives (683) - - Cash flow hedge net gain (loss) (683) - (77) See Note 25 - Equity, letter e) |
LOANS AND ACCOUNT RECEIVABLE _3
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of loan portfolio composition | As of December 31, 2018 the composition of the loan portfolio is as follows: As of December 31, 2018 Assets before allowances ECL allowance Net Assets Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Interbank loans 15,093 - - 15,093 10 - - 10 15,083 Commercial loans 9,684,451 841,123 608,192 11,133,766 52,782 41,954 274,050 368,786 10,764,980 Foreign trade loans 1,646,337 56,295 49,805 1,752,437 5,466 735 33,716 39,917 1,712,520 Checking accounts debtors 183,290 16,452 15,420 215,162 2,108 467 11,209 13,784 201,378 Factoring transactions 370,391 6,005 4,587 380,983 829 91 3,433 4,353 376,630 Student loans 64,381 6,049 9,486 79,916 2,705 2,170 6,315 11,190 68,726 Leasing transactions 1,225,755 169,196 48,773 1,443,724 7,236 9,033 22,531 38,800 1,404,924 Other loans and account receivable 123,108 5,135 36,820 165,063 2,594 1,190 26,178 29,962 135,101 Subtotal 13,312,806 1,100,255 773,083 15,186,144 73,730 55,640 377,432 506,802 14,679,342 Mortgage loans Loans with mortgage finance bonds 15,261 1,241 924 17,426 20 40 117 177 17,249 Endorsable mortgage mutual loans 101,074 3,454 4,008 108,536 87 126 592 805 107,731 Other mortgage mutual loans 9,142,627 442,801 439,591 10,025,019 8,899 14,936 66,453 90,288 9,934,731 Subtotal 9,258,962 447,496 444,523 10,150,981 9,006 15,102 67,162 91,270 10,059,711 Consumer loans Installment consumer loans 2,693,260 231,107 265,303 3,189,670 50,748 48,622 148,017 247,387 2,942,283 Credit card balances 1,385,783 14,977 16,392 1,417,152 15,087 4,961 8,740 28,788 1,388,364 Leasing transactions 3,974 133 50 4,157 83 22 22 127 4,030 Other consumer loans 258,723 2,822 3,765 265,310 4,986 767 2,287 8,040 257,720 Subtotal 4,341,740 249,039 285,510 4,876,289 70,904 54,372 159,066 284,342 4,591,947 Total 26,913,508 1,796,790 1,503,116 30,213,414 153,640 125,114 603,660 882,414 29,331,001 |
Commerical Loans [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of gross carrying amount expected credit loss | An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Individual Collective Individual Collective Individual Collective Gross carrying amount at January 1, 2018 8,899,468 3,338,916 630,515 208,018 372,744 350,747 13,800,408 Transfers Transfers to stage 2 (225,062) (53,020) 225,062 53,020 - - - Transfers to stage 3 (16,654) (67,886) - - 16,654 67,886 - Transfers to stage 3 - - (59,688) (40,853) 59,688 40,853 - Transfers to stage 1 13,199 52,755 (13,199) (52,755) - - Transfers to stage 2 - - 4,451 36,247 (4,451) (36,247) - Transfers to stage 1 - 718 - - (718) - Net changes on financial assets 1,497,618 708,531 138,436 48,323 4,240 70,848 2,467,996 Writte-off - - - - (53,921) (74,430) (128,351) Foreign Exchange adjustments (472,732) (363,045) (57,794) (19,528) (8,025) (32,785) (953,909) At 31 December 2018 9,695,837 3,616,969 867,783 232,472 386,929 386,154 15,186,144 Stage 1 Stage 2 Stage 3 TOTAL Individual Collective Individual Collective Individual Collective ECL allowance at January 1, 2018 29,797 50,014 28,282 23,041 191,397 160,182 482,713 Transfers Transfers to stage 2 (2,719) (1,525) 8,005 8,169 - - 11,930 Transfers to stage 3 (241) (2,697) - - 6,612 29,839 33,513 Transfers to stage 3 - - (5,541) (6,776) 22,705 17,475 27,863 Transfers to stage 1 167 553 (411) (3,402) - (3,093) Transfers to stage 2 - 330 1,854 (1,704) (6,776) (6,296) Transfers to stage 1 - 22 - - - (72) (50) Net changes of the exposure and modifications in the credit risk 4,105 3,770 2,740 2,855 1,251 29,253 43,974 Writte-off - - - (37,439) (58,510) (95,949) Foreign Exchange adjustments (920) (6,696) (2,339) (1,167) 15,293 7,926 12,197 At 31 December 2018 30,189 43,541 31,066 24,574 198,115 179,317 506,802 |
Consumer Loans [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of gross carrying amount expected credit loss | An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 3,978,393 257,580 321,719 4,557,692 Transfers Transfers to stage 2 (46,936) 46,936 - Transfers to stage 3 (33,161) 33,161 - Transfers to stage 3 - (19,327) 19,327 - Transfers to stage 1 29,777 (29,777) - - Transfers to stage 2 - 17,988 (17,988) - Transfers to stage 1 37 - (37) - Net changes on financial assets 766,069 1,063 76,398 843,530 Writte-off - - (115,933) (115,933) Foreign Exchange adjustments (352,439) (25,424) (31,137) (409,000) At 31 December 2018 4,341,740 249,039 285,510 4,876,289 Stage 1 Stage 2 Stage 3 TOTAL Collective Collective Collective ECL allowance at January 1, 2018 72,712 54,557 170,090 297,359 Transfers Transfers to stage 2 (2,117) 14,655 - 12,538 Transfers to stage 3 (1,431) - 16,311 14,880 Transfers to stage 3 - (3,913) 10,721 6,808 Transfers to stage 1 1,320 (4,890) - (3,570) Transfers to stage 2 - 2,943 (9,107) (6,164) Transfers to stage 1 6 - (18) (12) Net changes of the exposure and modifications in the credit risk 3,782 (8,572) 42,194 37,404 Writte-off - - (64,506) (64,506) Foreign Exchange adjustments (3,368) (408) (6,619) (10,395) At 31 December 2018 70,904 54,372 159,066 284,342 |
Residential Mortgage Loans [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of gross carrying amount expected credit loss | An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 8,191,229 469,349 436,317 9,096,895 Transfers Transfers to stage 2 (87,473) 87,473 - - Transfers to stage 3 (64,949) - 64,949 - Transfers to stage 3 - (54,488) 54,488 - Transfers to stage 1 162,432 (162,432) - - Transfers to stage 2 - 79,159 (79,159) - Transfers to stage 1 2,612 - (2,612) - Net changes on financial assets 1,226,259 34,653 10,215 1,271,127 Writte-off - - (31,664) (31,664) Foreign Exchange adjustments (171,148) (6,218) (8,011) (185,377) At 31 December 2018 9,258,962 447,496 444,523 10,150,981 Stage 1 Stage 2 Stage 3 TOTAL Collective Collective Collective ECL allowance at January 1, 2018 14,602 20,227 73,190 108,019 Transfers Transfers to stage 2 (516) 3,846 - 3,330 Transfers to stage 3 (383) - 9,060 8,677 Transfers to stage 3 - (2,518) 8,056 5,538 Transfers to stage 1 263 (6,255) - (5,992) Transfers to stage 2 - 2,296 (10,185) (7,889) Transfers to stage 1 91 - (232) (141) Net changes of the exposure and modifications in the credit risk 1,601 575 (1,784) 392 Writte-off - - (13,548) (13,548) Foreign Exchange adjustments (6,652) (3,069) 2,605 (7,116) At 31 December 2018 9,006 15,102 67,162 91,270 |
LOANS AND ACCOUNT RECEIVABLE _4
LOANS AND ACCOUNT RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - under IFRS 9 (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Loans And Account Receivable At Fair Value Through Other Comprehensive Income - Under Ifrs 9 | |
Schedule of gross carrying amount | An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Stage1 Stage2 Stage3 TOTAL Individual Individual Individual Gross carrying amount at January 1, 2018 107,998 - - 107,998 Transfers Transfers to stage 2 (6,697) 6,697 - - Transfers to stage 3 - - - - Transfers to stage 3 - - - - Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 1 - - - - Net changes on financial assets (40,754) (1,821) - (42,575) Writte-off - - - - Foreign Exchange adjustments 3,198 73 - 3,271 At 31 December 2018 63,745 4,949 - 68, 694 Stage 1 Stage 2 Stage 3 TOTAL Individual Individual Individual ECL allowance at January 1, 2018 97 - - 97 Transfers Transfers to stage 2 (17) 26 - 9 Transfers to stage 3 - - - - Transfers to stage 3 - - - - Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 1 - - - - Net changes of the exposure and modifications in the credit risk 8 (8) - - Writte-off - - - - Foreign Exchange adjustments - - - - At 31 December 2018 88 18 - 106 |
LOANS AND ACCOUNTS RECEIVABLE_2
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Loans And Accounts Receivable From Customers And Interbank Loans | |
Schedule of loan portfolio composition | Loans and account receivable from customers As of December 31, 2017 Assets before allowances Allowances established Normal portfolio Impaired portfolio Total Individual allowances Group allowances Total Assets net balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans Commercial loans 9,244,460 746,196 9,990,656 133,254 168,736 301,990 9,688,666 Foreign trade loans 1,506,359 68,154 1,574,513 49,026 1,444 50,470 1,524,043 Checking accounts debtors 179,982 15,714 195,696 2,726 11,740 14,466 181,230 Factoring transactions 444,644 5,246 449,890 4,788 1,207 5,995 443,895 Student loans 77,226 11,064 88,290 - 5,922 5,922 82,368 Leasing transactions 1,335,653 121,351 1,457,004 17,529 12,793 30,322 1,426,682 Other loans and account receivable 106,815 45,778 152,593 11,467 17,231 28,698 123,895 Subtotal 12,895,139 1,013,503 13,908,642 218,790 219,073 437,863 13,470,779 Mortgage loans Loans with mortgage finance bonds 22,620 1,440 24,060 - 123 123 23,937 Endorsable mortgage mutual loans 110,659 4,419 115,078 - 594 594 114,484 Other mortgage mutual loans 8,501,072 456,685 8,957,757 - 68,349 68,349 8,889,408 Subtotal 8,634,351 462,544 9,096,895 - 69,066 69,066 9,027,829 Consumer loans Installment consumer loans 2,613,041 297,701 2,910,742 - 240,962 240,962 2,669,780 Credit card balances 1,341,098 23,882 1,364,980 - 33,401 33,401 1,331,579 Leasing transactions 4,638 77 4,715 - 62 62 4,653 Other consumer loans 271,789 5,466 277,255 - 9,331 9,331 267,924 Subtotal 4,230,566 327,126 4,557,692 - 283,756 283,756 4,273,936 Total 25,760,056 1,803,173 27,563,229 218,790 571,895 790,685 26,772,544 |
Schedule of interbank loans | As of December 31, 2017 balances of Interbank loans is as follows: MCh$ Domestic banks Interbank loans - Other domestic bank loans - Foreign interbank loans Interbank loans- foreign 162,685 Provisions and impairment for foreign bank loans (472) Total 162,213 |
Schedule of provisions and impairment | The provisions and impairment as od December 31, 2017 is shown below: Domestic banks Foreign banks Total MCh$ MCh$ MCh$ Balance as of January 1, 2017 - 4,135 4,135 Provisions established 251 56 307 Provisions released (251) (3,719) (3,970) Total - 472 472 |
Schedule of portfolio of loans | As of December 31, 2017, the portfolio before allowance by customer’s economic activity is as follows: Domestic loans Foreign interbank loans Total loans Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,218,232 1,218,232 4.39 Mining 302,037 - 302,037 1.09 Electricity, gas, and water 336,048 - 336,048 1.21 Agriculture and livestock 1,114,597 - 1,114,597 4.02 Forest 98,941 - 98,941 0.36 Fishing 215,994 - 215,994 0.78 Transport 697,948 - 697,948 2.52 Communications 168,744 - 168,744 0.61 Construction 1,977,417 - 1,977,417 7.13 Commerce 3,131,870 162,685 3,294,555 11.88 Services 467,747 - 467,747 1.69 Other 4,179,067 - 4,179,067 15.07 - Subtotal 13,908,642 162,685 14,071,327 50.75 Mortgage loans 9,096,895 9,096,895 32.81 - Consumer loans 4,557,692 4,557,692 16.43 - Total 27,563,229 162,685 27,725,914 100.00 |
Schedule of impaired portfolio | i) As of December 31, 2017 the impaired portfolio is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Individual impaired portfolio 427,890 - - 427,890 Non-performing loans (1) (collectively evaluated) 368,522 161,768 103,171 633,461 Other impaired portfolio 217,091 300,776 223,955 741,822 Total 1,013,503 462,544 327,126 1,803,173 (1) Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. ii) The impaired portfolio with or without guarantee as of December 31, 2017 is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Secured debt 582,557 413,716 34,260 1,030,533 Unsecured debt 430,946 48,828 292,866 772,640 Total 1,013,503 462,544 327,126 1,803,173 iii) The portfolio of non-performing loans with or without guarantee, as of December 31, 2017 is as follows: As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ MCh$ Secured debt 167,909 141,413 8,896 318,218 Unsecured debt 200,613 20,355 94,275 315,243 Total 368,522 161,768 103,171 633,461 iv) The portfolio of non-performing portfolio as of December 31, 2017 is as follows: As of December31, 2017 Commercial Mortgage Consumer Total MM$ MM$ MM$ MM$ Non-performing >90 days 362,968 159,265 92,541 614,774 Non-performing <90 days 5,554 2,503 10,630 18,687 Total 368,522 161,768 103,171 633,461 |
Schedule of allowances for loans losses | The changes in allowance balances during 2018 and 2017 are as follows: Activity during 2017 Commercial loans Mortgage loans Consumer loans Total Individual Group Group Group MCh$ MCh$ MCh$ MCh$ MCh$ Balance as of January 1, 2017 246,336 183,106 57,009 300,019 786,470 Allowances established (1) 64,658 148,681 43,621 252,038 508,998 Allowances released (2) (55,925) (20,491) (11,427) (46,089) (133,932) Allowances released due to charge-off (3) (36,279) (92,223) (20,137) (222,212) (370,851) Balances as of December 31, 2017 218,790 219,073 69,066 283,756 790,685 (1) Represents gross allowances made in respect of increased risk of loss during the period and loan growth. (2) Represents the gross amount of loan loss allowances released during the year as a consequence of reduction in the level of risk existing in the loan portfolio, including as a result of improvement in the credit risk classification of borrowers and loans paid. (3) Represents the gross amount of loan loss allowances removed due to charge-off. |
Schedule of recoveries by type of loan | Recoveries by type of loan For the years ended December 31, 2017 2016 MCh$ MCh$ Commercial loans 32,401 27,185 Consumer loans 39,972 41,072 Residential mortgage loans 10,942 10,041 Total 83,315 78,298 |
Schedule of allowances established on customer and interbank loans | The following chart shows the balance of allowances established, associated with credits granted to customers and banks: As of December 31, 2017 2016 MCh$ MCh$ Customers loans 508,998 526,293 Interbank loans 307 3,052 Total 509,305 529,345 |
Schedule of allowance for loan losses associated with impaired and non impaired | Portfolio by its impaired and non-impaired status. As of December 31, 2017 Non-impaired Impaired Portfolio total Commercial Mortgage Consumer Total non impaired Commercial Mortgage Consumer Total impaired Commercial Mortgage Consumer Total portfolio MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current portfolio 12,737,508 8,357,733 4,012,489 25,107,730 449,895 158,770 110,184 718,849 13,187,403 8,516,503 4,122,673 25,826,579 Overdue for 1-29 days 103,908 180,294 132,136 416,338 110,834 74,072 46,283 231,189 214,742 254,366 178,419 647,527 Overdue for 30-89 days 53,723 96,324 85,941 235,988 89,806 70,437 78,118 238,361 143,529 166,761 164,059 474,349 Overdue for 90 days or more - - - - 362,968 159,265 92,541 614,774 362,968 159,265 92,541 614,774 Total portfolio before allowances 12,895,139 8,634,351 4,230,566 25,760,056 1,013,503 462,544 327,126 1,803,173 13,908,642 9,096,895 4,557,692 27,563,229 Overdue loans (less than 90 days) presented as portfolio percentage 1.22% 3.20% 5.15% 2.53% 19.80% 31.24% 38.03% 26.04% 2.58% 4.63% 7.51% 4.07% Overdue loans (90 days or more) presented as portfolio percentage, - - - - 35.81% 34.43% 28.29% 34.09% 2.61% 1.75% 2.03% 2.23% |
Schedule for transactions of sale or transfer of loan portfolio | Reconciliation of overdue loans with non-performing loans As of December 31, 2017 Commercial Mortgage Consumer Total MCh$ MCh$ MCh$ Overdue loans 362,968 159,265 92,541 614,774 Loans with not overdue but classified as non-performing loans 5,554 2,503 10,630 18,687 Total 368,522 161,768 103,171 633,461 |
DEBT INSTRUMENTS AT FAIR VALU_2
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Instruments At Fair Value Through Other Comprehensive Income | |
Schedule of debt instrument | As of December 31, 2018 detail of debt instruments is as follows: As of December 31, 2018 2017 MCh$ MCh$ Chilean central bank and government securities Chilean central bank bonds 657,096 - Chilean central bank notes 56,719 - Other Chilean central bank and government securities 1,207,221 - Subtotal 1,921,036 - of which sold under repurchase agreement 16,109 - Other Chilean securities Time deposits in Chilean financial institutions 2,693 - Mortgage finance bonds of Chilean financial institutions 19,227 - Other instruments issued in the country 2,907 - Subtotal 24,827 - of which sold under repurchase agreement 32,436 - Foreign financial securities Foreign Central Banks and Government securities 280,622 - Other foreign financial securities 167,838 - Subtotal 448,460 - of which sold under repurchase agreement - - Total 2,394,323 - |
Schedule of changes in the fair value and the corresponding ECL | An analysis of changes in the fair value and the corresponding ECL is as follows: Stage1 Stage2 Stage3 TOTAL Collective Collective Collective Gross carrying amount at January 1, 2018 2,574,546 - - 2,574,546 New assets purchased 5,037,857 - - 5,037,857 Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 3 - - - - Assets derecognised or matured (excluding write offs) (5,604,114) - - (5,604,114) Changes due to modifications not derecognised - - - - Writte-off - - - - Foreign Exchange adjustments 386,034 - - 386,034 At 31 December 2018 2,394,323 - - 2,394,323 Stage1 Stage2 Stage3 TOTAL Collective Collective Collective ECL at January 1, 2018 324 - - 324 New assets purchased 634 - - 634 Transfers to stage 1 - - - - Transfers to stage 2 - - - - Transfers to stage 3 - - - - Assets derecognised or matured (excluding write offs) (705) - - (705) Changes due to modifications not derecognised - - - - Writte-off - - - - Foreign Exchange adjustments 5 - - 5 At 31 December 2018 258 - - 258 |
Schedule of available for sale investments | As of December 31, 2018 2017 MCh$ MCh$ Chilean central bank and government securities Chilean central bank bonds - 816,331 Chilean central bank notes - 330,952 Other Chilean central bank and government securities - 1,115,518 Subtotal - 2,262,801 Other Chilean securities Time deposits in Chilean financial institutions - 2,361 Mortgage finance bonds of Chilean financial institutions - 22,312 Other instruments issued in the country - 3,000 Subtotal - 27,673 Foreign financial securities Foreign Central Banks and Government securities - 132,822 Other foreign financial securities - 151,250 Subtotal - 284,072 Total - 2,574,546 |
Schedule of gross profits and losses realized on the sale of available for sale investments | Gross profits and losses realized on the sale of available for sale investments as of December 31, 2018 is as follows: MCh$ Sale of available for sale investments generating realized profits 3,505,266 Realized profits 5,286 Sale of available for sale investments generating realized losses 709,371 Realized losses 6,788 Gross profits and losses realized on the sale of available for sale investments as of December 31, 2018, 2017 and 2016, are as follows: For the years ended December 31, 2017 2016 MCh$ MCh$ Sale of available for sale investments generating realized profits 6,469,344 6,522,549 Realized profits 4,867 12,333 Sale of available for sale investments generating realized losses 466,732 346,906 Realized losses 3 132 |
Schedule of available for sale investments cumulative unrealized profit and loss | The following charts show the available for sale investments cumulative unrealized profit and loss, as of December 31, 2017: Less than 12 months More than 12 months Total Acquisition cost Fair value Unrealized profit Unrealized loss Acquisition cost Fair value Unrealized profit Unrealized loss Acquisition cost Fair value Unrealized profit Unrealized loss MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Chilean central bank and government securities Chilean central bank Bonds 816,164 816,331 5,513 (5,346) - - - - 816,164 816,331 5,513 (5,346) Chilean central bank notes 330,923 330,952 30 (1) - - - - 330,923 330,952 30 (1) Other Chilean central bank and government securities 1,117,447 1,115,518 2,960 (4,888) - - - - 1,117,447 1,115,518 2,960 (4,888) Subtotal 2,264,534 2,262,801 8,503 (10,235) - - - - 2,264,534 2,262,801 8,503 (10,235) Other Chilean securities Time deposits in Chilean financial institutions 2,361 2,361 - - - - - - 2,361 2,361 - - Mortgage finance bonds of Chilean financial institutions 21,867 22,312 445 - - - - - 21,867 22,312 445 - Chilean financial institution bonds - - - - - - - - - - - - Chilean corporate bonds - - - - - - - - - - - - Other Chilean securities 220 3,000 2,780 - - - - - 220 3,000 2,780 - Subtotal 24,448 27,673 3,225 - - - - - 24,448 27,673 3,225 - Foreign financial securities Foreign central banks and government securities 133,301 132,822 847 (1,326) - - - - 133,301 132,822 847 (1,326) Other foreign financial securities 150,408 151,250 1,097 (256) - - - - 150,408 151,250 1,097 (256) Subtotal 283,709 284,072 1,944 (1,582) - - - - 283,709 284,072 1,944 (1,582) Total 2,572,691 2,574,546 13,672 (11,817) - - - - 2,572,691 2,574,546 13,672 (11,817) |
INVESTMENTS IN ASSOCIATES AND_2
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments In Associates And Other Companies | |
Schedule of investments in associates and other companies | Investments in associates and other, are shown in the following table: Ownership interest As of December 31 Investment value As of December 31, Profit and loss As of December 31, 2018 % 2017 % 2016 % 2018 MCh$ 2017 MCh$ 2018 MCh$ 2017 MCh$ 2016 MCh$ Company Redbanc S.A. 33.43 33.43 33.43 2,822 2,537 285 353 373 Transbank S.A. 25.00 25.00 25.00 17,651 14,534 3,118 2,024 1,302 Centro de Compensación Automatizado 33.33 33.33 33.33 1,894 1,589 305 236 248 Sociedad Interbancaria de Depósito de Valores S.A. 29.29 29.29 29.29 1,233 1,087 223 235 195 Cámara de Compensación de Alto Valor S.A. (1,2,3) 15.00 15.00 14.93 945 909 58 66 98 Administrador Financiero del Transantiago S.A. 20.00 20.00 20.00 3,680 3,098 582 317 230 Sociedad Nexus S.A. 12.90 12.90 12.90 2,279 1,911 368 442 247 Servicios de Infraestructura de Mercado OTC S.A.(1&2) 12.48 12.48 12.07 1,491 1,489 57 115 132 Subtotal 31,995 27,154 4,996 3,788 2,825 Shares or rights in other companies (*) Bladex - 136 19 25 26 Stock Exchanges - 287 148 150 161 Others 8 8 (68) - - Total 32,003 27,585 5,095 3,963 3,012 (1) During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Servicios de Infraestructura de Mercado OTC S.A”, the Bank’s share in those companies increased to 14.84% and 11.93% respectively. (2) During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Market infrastructure services OTC S.A”, the Bank’s share in those companies increased to 14.93% and 12.07% respectively. (3) In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA”, the Bank’s share increased to 15.00%. |
Schedule of fair value of these equity investments | The fair value of these equity investments is as follows: December 31, 2018 MCh$ Bladex 329 Stock exchange 154 Total 483 |
Schedule of financial information of associates | As of December 31, 2018 2017 2016 Net income Net income Net income Assets Liabilities Equity Assets Liabilities Equity Assets Liabilities Equity MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Centro de Compensación Automatizado S,A, 7,073 1,480 4,677 916 6,871 2,174 3,989 708 5,508 1,523 3,241 744 Redbanc S,A, 20,825 12,469 7,505 851 21,235 13,751 6,428 1,056 19,927 13,505 5,307 1,115 Transbank S,A, 904,558 835,200 56,888 12,470 822,487 765,683 48,709 8,095 710,475 660,957 44,309 5,209 Sociedad Interbancaria de Depósito de Valores S,A, 4,392 230 3,400 762 3,720 60 2,858 802 3,204 103 2,435 666 Sociedad Nexus S,A, 35 18 14 3 32,669 18,888 10,354 3,427 30,038 19,229 8,898 1,911 Servicios de Infraestructura de Mercado OTC S,A, 25,273 13,313 11,506 454 17,913 6,414 10,963 536 29,258 18,258 9,906 1,094 Administrador Financiero del Transantiago S,A, 55,818 37,419 15,490 2,909 51,304 35,814 13,907 1,583 54,253 40,345 12,758 1,150 Cámara de Compensación de Alto Valor S,A, 6,728 622 5,722 384 6,338 500 5,399 439 6,099 627 4,815 657 Total 1,024,702 900,751 105,202 18,749 962,537 843,284 102,607 16,646 858,762 754,547 91,669 12,546 |
Schedule of investments in other companies | Activity with respect to investments in other companies during 2018, 2017 and 2016 is as follows: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Opening balance as of January 1, 27,585 23,780 20,309 Acquisition of investments (*) - 3 1,123 Sale of investments - - - Participation in income 5,095 3,963 3,012 Dividends received (38) (116) (217) Other equity adjustments (639) (45) (447) Total 32,003 27,585 23,780 (*) See reference, part a) of this note. |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Intangible Assets | |
Schedule of composition of intangible assets | As of December 31, 2018 and 2017, the composition of intangible assets is as follows: As of December 31, 2018 Years of useful life Average remaining useful life Net opening balance as of January 1, 2018 Gross balance Accumulated amortization Net balance MCh$ MCh$ MCh$ MCh$ Licenses 3 1 1,200 10,932 (9,956) 976 Software development 3 2 62,019 342,112 (276,165) 65,947 Total 63,219 353,044 (286,121) 66,923 As of December 31, 2017 Years of useful life Average remaining useful life Net opening balance as of January 1, 2017 Gross balance Accumulated amortization Net balance MCh$ MCh$ MCh$ MCh$ Licenses 3 1 1,656 10,932 (9,732) 1,200 Software development 3 2 56,429 314,115 (252,096) 62,019 Total 58,085 325,047 (261,828) 63,219 |
Schedule of changes in the value of intangible assets | The changes in the value of intangible assets during the periods ended December 31, 2018 and December 31, 2017 is as follows: b.1 Gross balances Licenses Software development Total MCh$ MCh$ MCh$ Balances as of January 1, 2018 10,932 314,115 325,047 Acquisitions - 29,563 29,563 Disposals and impairment - - - Other - (1,566) (1,566) Balances as of December 31, 2018 10,932 342,112 353,044 Balances as of January 1, 2017 10,932 286,781 297,713 Acquisitions - 32,624 32,624 Disposals and impairment - (5,290) (5,290) Other - - - Balances as of December 31, 2017 10,932 314,115 325,047 b.2 Accumulated amortization Accumulated amortization Licenses Software development Total MCh$ MCh$ MCh$ Balances as of January 1, 2018 (9,732) (252,096) (261,828) Year’s amortization (224) (24,069) (24,293) Other changes - - - Balances as of December 31, 2018 (9,956) (276,165) (286,121) Balances as of January 1, 2017 (9,276) (230,352) (239,628) Year’s amortization (456) (21,744) (22,200) Other changes - - - Balances as of December 31, 2017 (9,732) (252,096) (261,828) |
PROPERTY, PLANT, AND EQUIPMENT
PROPERTY, PLANT, AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, plant and equipment [abstract] | |
Schedule of composition of property, plant, and equipment | As of December 31, 2018 and 2017, the composition of property, plant, and equipment balances are composed as follows: As of December 31, 2018 Net opening balance as of January 1, 2018 Gross balance Accumulated depreciation Net balance MCh$ MCh$ MCh$ MCh$ Land and buildings 159,352 309,385 (132,428) 176,957 Equipment 63,516 217,958 (159,756) 58,202 Ceded under operating leases 4,221 4,888 (667) 4,221 Other 15,458 67,197 (52,991) 14,206 Total 242,547 599,428 (345,842) 253,586 As of December 31, 2017 Net opening balance as of January 1, 2017 Gross balance Accumulated depreciation Net balance MCh$ MCh$ MCh$ MCh$ Land and buildings 169,809 274,079 (114,727) 159,352 Equipment 66,506 193,689 (130,173) 63,516 Ceded under operating leases 4,230 4,888 (667) 4,221 Other 16,834 60,822 (45,364) 15,458 Total 257,379 533,478 (290,931) 242,547 |
Schedule of changes in the value of property, plant, and equipment | The changes in the value of property, plant, and equipment as of December 31, 2018 and 2017 is as follows: b.1 2018 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 274,079 193,689 4,888 60,823 533,479 Additions 35,369 28,438 - 4,522 68,329 Disposals (63) (4,130) - (2,104) (6,297) Impairment due to damage - (39) - - (39) Other - - - 3,956 3,956 Balances as of December 31, 2018 309,385 217,958 4,888 67,197 599,428 2017 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 264,016 168,124 4,888 55,973 493,001 Additions 27,592 26,278 - 4,902 58,772 Disposals (17,529) (359) - (53) (17,941) Impairment due to damage - (354) - - (354) Other - - - - - Balances as of December 31, 2017 274,079 193,689 4,888 60,823 533,478 b.2 2018 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2018 (114,727) (130,173) (667) (45,365) (290,932) Depreciation charges in the period (17,704) (29,623) - (7,660) (54,987) Sales and disposals in the period 3 40 - 34 77 Transfers - - - - Other - - - - Balances as of December 31, 2018 (132,428) (159,756) (667) (52,991) (345,842) 2017 Land and buildings Equipment Ceded under operating leases Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Balances as of January 1, 2017 (94,207) (101,618) (658) (39,139) (235,622) Depreciation charges in the period (20,744) (28,593) (9) (6,277) (55,623) Sales and disposals in the period 224 38 - 51 313 Transfers - - - - - Other - - - - - Balances as of December 31, 2017 (114,727) (130,173) (667) (45,365) (290,932) |
Schedule of operational leases - lessor | As of December 31, 2018 and 2017, the future minimum lease cash inflows under non-cancellable operating leases are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 469 567 Due after 1 year but within 2 years 882 749 Due after 2 years but within 3 years 469 480 Due after 3 years but within 4 years 460 348 Due after 4 years but within 5 years 428 308 Due after 5 years 2,242 1,792 Total 4,950 4,244 |
Schedule of operational leases - lessee | Certain Bank’s premises and equipment are leased under various operating leases, Future minimum rental payments under non-cancellable leases are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 25,702 26,059 Due after 1 year but within 2 years 24,692 21,343 Due after 2 year but within 3 years 22,439 18,091 Due after 3 years but within 4 years 19,574 15,736 Due after 4 years but within 5 years 17,250 12,734 Due after 5 years 63,945 51,502 Total 173,602 145,465 |
CURRENT AND DEFERRED TAXES (Tab
CURRENT AND DEFERRED TAXES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Current And Deferred Taxes | |
Schedule of taxes payable (recoverable) | This amount is recorded net of recoverable taxes, and is shown as follows: As of December 31, 2018 2017 MCh$ MCh$ Summary of current tax liabilities (assets) Current tax (assets) - - Current tax liabilities 8,093 6,435 Total tax payable (recoverable) 8,093 6,435 (Assets) liabilities current taxes detail (net) Income tax, tax rate(*) 196,527 145,112 Minus: Provisional monthly payments (186,060) (136,562) Credit for training expenses (1,937) (1,768) Land taxes leasing - - Grant credits (1,320) (968) Other 883 621 Total tax payable 8,093 6,435 (*)The tax rate is 27,0% for 2018 and 25,5% for 2017, |
Schedule of effect on income | The effect of tax expense on income for the years ended December 31, 2018, 2017 and 2016 is comprised of the following items: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income tax expense Current tax 196,527 145,112 145,963 Credits (debits) for deferred taxes Origination and reversal of temporary differences (25,517) (6,751) (37,269) Valuation provision (56) 5,955 - Subtotals 170,954 144,316 108,694 Tax for rejected expenses (Article No,21) 1,110 610 336 Other (4,920) 105 1 Net charges for income tax expense 167,144 145,031 109,031 |
Schedule of effective tax rate reconciliation | The reconciliation between the income tax rate and the effective rate applied in determining tax expenses as of December 31, 2018, 2017 and 2016, is as follows: For the year ended December 31, 2018 2017 2016 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Tax calculated over profit before tax 27.00 207,046 25.50 183,671 24.00 140,991 Price level restatement for tax purposes (1) (5.15) (39,494) (3.03) (21,829) (5.49) (32,256) Single penalty tax (rejected expenses) 0.14 1,110 0.08 610 0.06 336 Effect of tax reform changes on deferred tax (2) 0.00 - (2.86) (20,600) 0.01 86 Real estate taxes 0.00 - 0.00 - 0.00 - Other (0.20) (1,518) 0.44 3,179 (0.02) (126) Effective rates and expenses for income tax 21.80 167,144 20.13 145,031 18.56 109,031 (1) Price level restatement on tax purpose capital. (2) In accordance with Chilean Law N°20,780 published in September 29, 2014 the income tax rate are 25.5% and 27% for 2017 and 2018 respectively. |
Schedule of effect of deferred taxes on comprehensive income | Below is a summary of the separate effect of deferred tax on other comprehensive income, showing the asset and liability balances, for the years ended December 31, 2018 and 2017: As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Available for sale investments - 368 Debt instruments at FVOCI 1,166 - Cash flow hedges 65 908 Total deferred tax assets recognised through other comprehensive income 1,231 1,276 Deferred tax liabilities Available for sale investments - (841) Debt instruments at FVOCI (2,976) - Cash flow hedges (2,711) - Total deferred tax liabilities recognised through other comprehensive income (5,687) (841) Net deferred tax balances in equity (4,456) (435) Deferred taxes in equity attributable to shareholders of the Bank (4,102) 791 Deferred tax in equity attributable to non-controlling interests (354) (356) |
Schedule of effect of deferred taxes on income | As of December 31, 2018 and 2017, the Bank has recorded effects for deferred taxes in the financial statements: As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Interests and adjustments 9,384 8,645 Non-recurring charge-offs 13,389 11,651 Assets received in lieu of payment 785 1,582 Exchange rate adjustments 1,675 882 Property, plant and equipment valuation 6,138 4,410 Allowance for loan losses 184,488 160,359 Provision for expenses 63,134 73,518 Derivatives 3,924 5,249 Leased assets 107,897 98,090 Subsidiaries tax losses 5,314 5,277 Prepaid expenses 156 151 Total deferred tax assets 396,284 369,814 Deferred tax liabilities Valuation of investments (42) (1,911) Prepaid expenses (349) - Depreciation - (532) Valuation provision (5,989) (5,955) Exchange rate adjustments (3,383) - Other (20) (432) Total deferred tax liabilities (9,783) (8,830) |
Schedule of deferred tax assets and liabilities | Below is a summary of the deferred taxes impact on equity and income, As of December 31, 2018 2017 MCh$ MCh$ Deferred tax assets Recognised through other comprehensive income 1,231 1,276 Recognised through profit or loss 396,284 369,815 Total deferred tax assets 397,515 371,091 Deferred tax liabilities Recognised through other comprehensive income (5,687) (841) Recognised through profit or loss (9,783) (8,822) Total deferred tax liabilities (15,470) (9,663) |
OTHER ASSETS (Tables)
OTHER ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Assets | |
Schedule of other assets | Other assets item includes the following: As of December 31, 2018 2017 MCh$ MCh$ Assets for leasing (1) 47,486 48,099 Assets received or awarded in lieu of payment Assets received in lieu of payment 17,525 20,904 Assets awarded at judicial sale 21,524 24,800 Provision on assets received in lieu of payment or awarded (723) (1,440) Subtotal 38,326 44,264 Other assets Guarantee deposits (margin accounts) (2) 170,232 323,767 Gold investments 522 478 VAT credit 9,097 9,570 Income tax recoverable 1,756 1,381 Prepaid expenses 477,819 116,512 Assets recovered from leasing for sale 6,848 4,235 Valuation adjustments by macrohedge 9,414 160 Pension plan assets 846 921 Accounts and notes receivable 59,511 59,574 Notes receivable through brokerage and simultaneous transactions 71,382 68,272 Other receivable assets 48,612 53,500 Other assets (3) 49,365 33,677 Subtotal 905,404 672,047 Total 991,216 764,410 (1) Assets available to be granted under the financial leasing agreements. (2) Guarantee deposits (margin accounts) correspond to collateral associated with derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. (3) Other assets mainly include settlement of derivatives and other financial transactions. |
TIME DEPOSITS AND OTHER TIME _2
TIME DEPOSITS AND OTHER TIME LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Time Deposits And Other Time Liabilities | |
Scheduel of time deposits and other time liabilities | As of December 31, 2018 and 2017, the composition of the line item time deposits and other liabilities is as follows: As of December 31, 2018 2017 MCh$ MCh$ Deposits and other demand liabilities Checking accounts 6,794,132 6,272,656 Other deposits and demand accounts 709,711 590,221 Other demand liabilities 1,237,574 905,289 Total 8,741,417 7,768,166 Time deposits and other time liabilities Time deposits 12,944,846 11,792,466 Time savings account 118,587 116,179 Other time liabilities 4,386 5,300 Total 13,067,819 11,913,945 |
INTERBANK BORROWINGS (Tables)
INTERBANK BORROWINGS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of financial liabilities [line items] | |
Schedule of Interbank borrowings | As of December 31, 2018 and 2017 the line item Interbank borrowings is as follows: As of December 31, 2018 2017 MCh$ MCh$ Loans from financial institutions and the Central Bank of Chile Other obligations with Central Bank of Chile - 5 Subtotal - 5 Loans from domestic financial institutions - 480 Loans from foreign financial institutions Bank of America N,A, Us Foreig 338,906 228,309 Sumitomo Mitsui Banking Corporation 278,761 259,199 Citibank N,A, 241,041 191,494 Mizuho Bank Ltd Ny 223,829 215,967 Wells Fargo Bank N,A, 216,749 235,058 The Bank of Nova Scotia 163,927 86,419 The Bank of New York Mellon 69,921 30,839 Corporacion Andina De Fomento 52,371 - Standard Chartered Bank 50,960 225,966 Barclays Bank PLC London 34,965 30,886 Hsbc Bank Plc Ny 34,936 30,875 Wachovia Bank, NA 33,499 - Banco Santander Brasil S,A, 8,040 5,225 Bank of China 7,777 831 Banco Santander Hong Kong 6,047 8,341 Deutsche Bank A,G, 5,558 157 Bnp Paribas, Hong Kong Branch 3,554 - Keb Hana Bank 2,318 396 Rabobank, Hong Kong Branch 1,548 - Hong Kong and Shanghai Banking 1,300 222 Banco Santander Central Hispano 1,295 312 Unicredito Italiano SPA 1,117 264 Bank of Tokio Mitsubishi 1,032 453 Banco Bilbao Vizcaya Argentaria 888 - Standard Chartered Bank Malays 843 - Dexia Bank SA 789 - Banque Bruxelles Lambert S,A, 509 - Hsbc Bank USA 394 38 Shinhan Bank 380 394 United Bank of India 378 - Woori Bank 356 105 State Bank of India 331 110 Banca Commerciale Italiana S,P, 288 31 Canara Bank 237 224 Shanghai Pudong Development Ba 237 - Banco de Galicia Y Buenos Aires 231 - Bank of East Asia, Limited 205 241 First Union National Bank 201 35 Industrial Bank of Korea 195 - Banca Monte dei Paschi di Siena 179 162 Metropolitan Bank Limited 170 87 Hua Nan Commercial Bank Ltd, 164 349 Credit Lyonnais 139 - Bank of Shanghai 134 - Bank of Taiwan 127 136 Agricultural Bank of China 106 295 Akbank T,A,S, 106 - Credit Agricole 106 - Banco Bradesco S,A, 89 - Oriental Bank of Commerce 87 - Kookmin Bank 78 201 Banca Nazionale Del Lavoro S,P 77 - Hsbc Bank Middle East 77 - International Commercial Bank 70 221 Taiwan Cooperative Bank 66 159 Banca Lombarda E Piemontese S, 60 - Hanvit Bank 58 55 Bank of India 51 - Caixabank S,A, 44 - Fortis Bank S,A,/N,V, Brussels 42 15 Subtotal 1,787,943 1,554,071 As of December 31, 2018 2017 MCh$ MCh$ Loans from foreign financial institutions, continuación Banco de la Republica Oriental 41 - Bank of Baroda 37 - China Construcción Bank 35 90 Banco Internacional S,A, 33 - Joint Stock Commercial Bank Fo, 33 - Shanghai Commercial and Saving 33 - Banistmo S,A, 32 - Banca Popolare Dell’Emilia Rom 31 53 Bank of Montreal 31 30 Raiffeisen Bank Polska S,A, 31 - Casa Di Risparmo De Padova E,R, 30 56 Industrial and Commercial Bank 30 119 Hdfc Bank Limited 28 - Bankinter S,A, 24 - Kbc Bank Nv 23 - Banco Bpm SPA 21 - Cassa Di Risparmio In Bologna 21 - Banco De Sabadell S,A, 20 - Banco Commerzbank 19 - Taiwan Business Bank 19 19 Cajas Rurales Unidas 18 - Chang Hwa Commercial Bank Ltd, 18 14 U,S, Bank (Formerly First Bank 18 - United World Chinese Commercia 15 - Banco Itau S,A, 14 - Mega International Commercial 9 - Banca Popolare Di Milano S,C,A 6 - Hang Seng Bank (China) Limited 6 - Sumitono Mitsui 4 - Development Bank of Singapore 3 - Abanca Corporacion Bancaria SA - 60 Australia And New Zealand Bank - 62 Banca Delle Marche SPA - 76 Banco Bradesco S,A, - 50 Banco Caixa Geral, - 33 Banco Commerzbank - 145 Banco de Occidente - 282 Banco De Sabadell S,A, - 10 Banco Do Brasil S,A, - 268 Banco Internacional S,A, - 33 Banco Popolare Soc Coop, - 6 Banco Popular Espanol S,A, - 19 Bancolombia S,A, - 94 Bank Austria A,G, - 2,317 Bank of Communications - 93 Bank of Nova Scotia - 112 Banque Generale Du Luxembourg - 207 Cassa Di Risparmio Di Parma E - 93 Citic Industrial Bank - 39 Corporación Andina De Fomento - 31,075 European Investment Bank - 12,629 Habib Bank Limited - 34 Hang Seng Bank Ltd, - 39 Hsbc Bank PLC - 30,838 Icici Bank Limited - 8 J,P, Morgan Chase Bank N,A, - 154 Kasikornbank Public Company Li, - 25 Liu Chong Hing Bank Limited - 21 Mizuho Corporate Bank - 331 Punjab National Bank - 47 Shanghai Pudong Development - 714 Societe Generale - 56 Thai Military Bank Public Comp, - 377 The Toronto-Dominion Bank - 62,743 Yapi Ve Kredi Bankasi A,S, - 155 Zhejiang Commercial Bank Ltd, - 175 Subtotal 683 143,801 Total 1,788,626 1,698,357 |
Schedule of outstanding amounts owed to the Central Bank of Chile | The outstanding amounts owed to the Central Bank of Chile under these credit lines are as follows: As of December 31, 2018 2017 MCh$ MCh$ Totals Line of credit for renegotiation with Central Bank of Chile - 5 |
Loans From Domestic Financial Institutions [Member] | |
Disclosure of financial liabilities [line items] | |
Schedule of loans from financial institutions | These obligations’ maturities are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year - 480 Due within 1 and 2 year - - Due within 2 and 3 year - - Due within 3 and 4 year - - Due after 5 years - - Total loans from domestic financial institutions - 480 |
Loans From Foreign Financial Institutions [Member] | |
Disclosure of financial liabilities [line items] | |
Schedule of loans from financial institutions | Foreign obligations As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 1,648,955 1,477,318 Due within 1 and 2 year 139,671 185,519 Due within 2 and 3 year - 35,035 Due within 3 and 4 year - - Due after 5 years - - Total loans from foreign financial institutions 1,788,626 1,697,872 |
ISSUED DEBT INSTRUMENTS AND O_2
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Issued Debt Instruments And Other Financial Liabilities | |
Schedule of composition of issued debt instruments and other financial liabilities | As of December 31, 2018 and 2017, composition of this item is as follows: As of December 31, 2018 2017 MCh$ MCh$ Other financial liabilities Obligations to public sector 32,449 59,470 Other domestic obligations 175,210 175,389 Foreign obligations 7,741 7,171 Subtotals 215,400 242,030 Issued debt instruments Mortgage finance bonds 25,490 34,479 Senior bonds 7,198,865 6,186,760 Mortgage bond 94,921 99,222 Subordinated bonds 795,957 773,192 Subtotals 8,115,233 7,093,653 Total 8,330,633 7,335,683 |
Schedule of debts classified | The Bank’s debts, both current and non-current, are summarized below: As of December 31, 2018 Current Non-current Total MCh$ MCh$ MCh$ Mortgage finance bonds 6,830 18,660 25,490 Senior bonds 844,898 6,353,967 7,198,865 Mortgage bond 4,833 90,088 94,921 Subordinated bonds 1 795,956 795,957 Issued debt instruments 856,562 7,258,671 8,115,233 Other financial liabilities 205,871 9,529 215,400 Total 1,062,433 7,268,200 8,330,633 As of December 31, 2017 Current Non-current Total MCh$ MCh$ MCh$ Mortgage finance bonds 8,691 25,788 34,479 Senior bonds 337,166 5,849,594 6,186,760 Mortgage bond 4,541 94,681 99,222 Subordinated bonds 3 773,189 773,192 Issued debt instruments 350,401 6,743,252 7,093,653 Other financial liabilities 212,825 29,205 242,030 Total 563,226 6,772,457 7,335,683 |
Schedule of mortgage finance bonds | As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 6,830 8,691 Due after 1 year but within 2 years 5,946 6,744 Due after 2 year but within 3 years 5,034 6,096 Due after 3 year but within 4 years 3,997 5,155 Due after 4 year but within 5 years 2,480 4,101 Due after 5 years 1,203 3,692 Total mortgage bonds 25,490 34,479 |
Schedule of senior bonds by currency | The following table shows senior bonds by currency: As of December 31, 2018 2017 MCh$ MCh$ Santander bonds in UF 4,095,741 3,542,006 Santander bonds in USD 1,094,267 1,045,465 Santander bonds in CHF 386,979 268,281 Santander bonds in Ch$ 1,291,900 1,135,527 Santander bonds in AUD 24,954 14,534 Current bonds in JPY 191,598 126,059 Santander bonds in EUR 113,426 54,888 Total senior bonds 7,198,865 6,186,760 |
Schedule of placement of senior bonds | In 2018, the Bank issued bonds for UF 23,000,000; CLP 225,000,000,000; USD 70,000,000; EUR 66,000,000; AUD 20,000,000; CHF 115,000,000 and JPY 7,000,000,000 detailed as follows: Series Currency Amount Term Issuance rate Series approval date Series maximum amount Maturity date T1 UF 4,000,000 2,0 2.20% 01-02-2016 7,000,000 01-02-2020 T4 UF 4,000,000 3,0 2.35% 01-02-2016 8,000,000 01-08-2021 T11 UF 5,000,000 7,0 2.65% 01-02-2016 5,000,000 01-02-2025 T12 UF 5,000,000 7,0 2.70% 01-02-2016 5,000,000 01-08-2025 T15 UF 5,000,000 11,0 3.00% 01-02-2016 5,000,000 01-08-2028 Total UF 23,000,000 30,000,000 P5 CLP 75,000,000,000 4,0 5.30% 05-03-2015 150,000,000,000 01-03-2022 U4 CLP 75,000,000,000 3,4 ICP + 1.00% yearly 10-01-2017 75,000,000,000 10-01-2022 U3 CLP 75,000,000,000 2,7 ICP + 1.00% yearly 11-06-2018 75,000,000,000 11-06-2021 Total CLP 225,000,000,000 300,000,000,000 DN USD 50,000,000 10,0 4.17% 10-10-2018 50,000,000 10-10-2028 DN USD 20,000,000 2,0 0,0369 16-11-2018 20,000,000 16-11-2020 Total USD 70,000,000 70,000,000 EUR EUR 26,000,000 7,0 1.00% yearly 04-05-2018 26,000,000 28-05-2025 EUR EUR 40,000,000 12,0 1.78% yearly 08-06-2018 40,000,000 15-06-2030 Total EUR 66,000,000 66,000,000 AUD AUD 20,000,000 5,0 3.56% 13-11-2018 20,000,000 13-11-2023 Total AUD 20,000,000 20,000,000 CHF CHF 115,000,000 5,3 0.441% 21-09-2018 115,000,000 21-12-2023 Total CHF 115,000,000 115,000,000 JPY JPY 4,000,000,000 10,6 0.65% anual 13-07-2018 4,000,000,000 13-01-2029 JPY JPY 3,000,000,000 5 años 56% 30-10-2018 3,000,000,000 30-10-2023 Total JPY 7,000,000,000 7,000,000,000 |
Schedule of partial repurchase | During 2018, the Bank performed a partial repurchase of the following bonds: Date Type Currency Amount 04-01-2018 Senior CLP 12,890,000,000 04-01-2018 Senior CLP 4,600,000,000 22-01-2018 Senior UF 24,000 05-04-2018 Senior UF 484,000 06-04-2018 Senior UF 184,000 23-04-2018 Senior UF 216,000 24-04-2018 Senior UF 4,000 25-04-2018 Senior UF 262,000 10-05-2018 Senior UF 800,000 07-06-2018 Senior USD 3,090,000 11-12-2018 Senior USD 250,000,000 |
Schedule of bank issued bonds | In 2017, the Bank issued bonds for UF 10,000,000; CLP 160,000,000,000; USD 770,000,000 and AUD 30,000,000; detailed as follows: Series Currency Amount Term Issuance rate Series approval date Series maximum amount Maturity date T9 UF 5,000,000 7 2.60% 01-02-2016 5,000,000 01-03-2024 T13 UF 5,000,000 9 2.75% 01-02-2016 5,000,000 01-03-2026 Total UF 10,000,000 10,000,000 SD CLP 60,000,000,000 5 5.50% 01-06-2014 200,000,000,000 01-12-2019 T16 CLP 100,000,000,000 6 5.20% 01-02-2016 100,000,000,000 01-12-2021 Total CLP 160,000,000,000 300,000,000,000 DN USD 100,000,000 3 Libor-USD 3M+0.80% 20-07-2017 100,000,000 27-07-2020 DN USD 50,000,000 3 Libor-USD 3M+0.80% 21-07-2017 50,000,000 27-07-2020 DN USD 50,000,000 3 Libor-USD 3M+0.80% 24-07-2017 50,000,000 27-07-2020 DN USD 10,000,000 4 Libor-USD 3M+0.80% 23-08-2017 10,000,000 23-11-2021 DN USD 10,000,000 4 Libor-USD 3M+0.83& 23-08-2017 10,000,000 23-11-2021 DN USD 50,000,000 3 Libor-USD 3M+0.83% 14-09-2017 50,000,000 15-09-2020 DN USD 500,000,000 3 Libor-USD 3M+0.75% 12-12-2017 500,000,000 15-12-2020 Total DN 770,000,000 770,000,000 AUD AUD 30,000,000 10 3.96% 05-12-2017 30,000,000 12-12-2027 Total 30,000,000 30,000,000 |
Schedule of bank performed a partial repurchase | During 2017, the Bank performed a partial repurchase of the following bond: Date Type Currency Amount 06-03-2017 Senior USD 6,900,000 12-05-2017 Senior UF 1,000,000 16-05-2017 Senior UF 690,000 17-05-2017 Senior UF 15,000 26-06-2017 Senior UF 340,000 01-06-2017 Senior UF 590,000 02-06-2017 Senior UF 300,000 05-06-2017 Senior UF 130,000 19-06-2017 Senior UF 265,000 10-07-2017 Senior UF 770,000 21-07-2017 Senior UF 10,000 28-08-2017 Senior UF 200,000 28-08-2017 Senior UF 200,000 29-08-2017 Senior UF 2,000 29-08-2017 Senior UF 270,000 03-11-2017 Senior UF 14,000 29-11-2017 Senior UF 400,000 06-12-2017 Senior UF 20,000 12-12-2017 Senior CLP 10,990,000,000 |
Schedule of maturities of senior bonds | The maturities of senior bonds are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 844,898 337,166 Due after 1 year but within 2 years 1,331,255 866,936 Due after 2 year but within 3 years 1,073,847 832,978 Due after 3 year but within 4 years 1,104,547 1,177,081 Due after 4 year but within 5 years 421,918 902,647 Due after 5 years 2,422,400 2,069,952 Total senior bonds 7,198,865 6,186,760 |
Schedule of mortgage bonds per currency | Detail of mortgage bonds per currency is as follows: As of December 31, 2018 2017 MCh$ MCh$ Mortgage bonds in UF 94,921 99,222 Total mortgage bonds 94,921 99,222 |
Schedule of maturities of mortgage bond | The maturities of Mortgage bonds are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 4,833 4,541 Due after 1 year but within 2 years 7,758 7,291 Due after 2 year but within 3 years 8,008 7,526 Due after 3 year but within 4 years 8,267 7,769 Due after 4 year but within 5 years 8,534 8,019 Due after 5 years 57,521 64,076 Total Mortgage bonds 94,921 99,222 |
Schedule of subordinated bonds | Detail of the subordinated bonds per currency is as follows: As of December 31, 2018 2017 MCh$ MCh$ Subordinated bonds denominated in CLP 1 3 Subordinated bonds denominated in UF 795,956 773,189 Total subordinated bonds 795,957 773,192 |
Schedule of maturities of subordinated bonds | The maturities of subordinated bonds, are as follows: As of December 31, 2018 2017 MCh$ MCh$ Due within 1 year 1 3 Due after 1 year but within 2 years - - Due after 2 year but within 3 years - - Due after 3 year but within 4 years - - Due after 4 year but within 5 years - - Due after 5 years 795,956 773,189 Total subordinated bonds 795,957 773,192 |
Schedule of other financial liabilities | The composition of other financial obligations, by maturity, is detailed below: As of December 31, 2018 2017 MCh$ MCh$ Non-current portion: Due after 1 year but within 2 years 9,221 23,401 Due after 2 year but within 3 years 40 4,181 Due after 3 year but within 4 years 44 194 Due after 4 year but within 5 years 48 210 Due after 5 years 176 1,219 Non-current portion subtotal 9,529 29,205 Current portion: Amounts due to credit card operators 172,425 173,271 Acceptance of letters of credit 2,894 2,780 Other long-term financial obligations, short-term portion 30,552 36,774 Current portion subtotal 205,871 212,825 Total other financial liabilities 215,400 242,030 |
MATURITY OF FINANCIAL ASSETS _2
MATURITY OF FINANCIAL ASSETS AND LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Maturity Of Financial Assets And Liabilities | |
Schedule of assets and liabilities maturities | As of December 31, 2018 and 2017, the detail of the maturities of assets and liabilities is as follows: As of December 31, 2018 Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial assets Cash and deposits in banks 2,065,411 - - - 2,065,411 - - - - 2,065,411 Cash items in process of collection 353,757 - - - 353,757 - - - - 353,757 Financial assets held for trading - 1,064 - 11,642 12,706 16,331 20,080 27,924 64,335 77,041 Investments under resale agreements - - - - - - - - - - Financial derivative contracts - 111,268 128,024 543,722 783,014 723,622 552,133 1,041,866 2,317,621 3,100,635 Loans and accounts receivables at amortised cost (*) 238,212 3,295,003 2,323,442 4,880,726 10,737,383 5,474,289 3,236,349 10,765,393 19,476,031 30,213,414 Loans and account receivable at fvoci (**) - - - 25,294 25,294 4,949 - 38,451 43,400 68,694 Debt instruments at fvoci - 2,391,329 - 1 2,391,330 86 - 2,907 2,993 2,394,323 Equity instruments at fvoci - - - - - - - 483 483 483 Guarantee deposits (margin accounts) 170,232 - - - 170,232 - - - - 170,232 Total financial assets 2,827,612 5,798,664 2,451,466 5,461,385 16,539,127 6,219,277 3,808,562 11,877,024 21,904,863 38,443,990 Financial liabilities Deposits and other demand liabilities 8,741,417 - - - 8,741,417 - - - - 8,741,417 Cash items in process of being cleared 163,043 - - - 163,043 - - - - 163,043 Obligations under repurchase agreements - 48,545 - - 48,545 - - - - 48,545 Time deposits and other time liabilities 122,974 5,248,418 4,108,556 3,326,199 12,806,147 191,547 6,137 63,988 261,672 13,067,819 Financial derivative contracts - 131,378 120,361 349,551 601,290 495,789 471,185 949,464 1,916,438 2,517,728 Interbank borrowings 39,378 16,310 404,575 1,188,692 1,648,955 139,671 - - 139,671 1,788,626 Issued debt instruments - 71,465 39,267 745,830 856,562 2,431,849 1,549,743 3,277,079 7,258,670 8,115,233 Other financial liabilities 179,681 934 2,412 22,844 205,871 9,261 92 176 9,529 215,400 Guarantees received (margin accounts) 540,091 - - - 540,091 - - - - 540,091 Total financial liabilities 9,786,584 5,517,050 4,675,171 5,633,116 25,611,921 3,268,117 2,027,157 4,290,707 9,585,981 35,197,902 (*) Loans and accounts receivables at amortised cost are presented on a gross basis. The amount of allowance is Ch$882,414 million. (**) Loans and accounts receivables at fvoci are presented on a gross basis. The amount of allowance is Ch$106 milion As of December 31, 2017 Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal More than 1 year Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial assets Cash and deposits in banks 1,452,922 - - - 1,452,922 - - - - 1,452,922 Cash items in process of collection 668,145 - - - 668,145 - - - - 668,145 Trading investments - 72,983 4,024 68,277 145,284 110,824 90,507 139,121 340,452 485,736 Investments under resale agreements - - - - - - - - - - Financial derivative contracts - 135,780 198,876 410,415 745,071 385,428 371,090 737,058 1,493,576 2,238,647 Interbank loans (*) - 6,064 152,911 3,710 162,685 - - - - 162,685 Loans and accounts receivables from customers (**) 769,823 2,206,734 2,288,372 4,348,975 9,613,904 5,187,501 2,938,326 9,823,498 17,949,325 27,563,229 Available for sale investments - 58,850 11,788 102,600 173,238 556,289 975,372 869,647 2,401,308 2,574,546 Guarantee deposits (margin accounts) 323,767 - - - 323,767 - - - - 323,767 Total financial assets 3,214,657 2,480,411 2,655,971 4,933,977 13,285,016 6,240,042 4,375,295 11,569,324 22,184,661 35,469,677 Financial liabilities Deposits and other demand liabilities 7,768,166 - - - 7,768,166 - - - - 7,768,166 Cash items in process of being cleared 486,726 - - - 486,726 - - - - 486,726 Obligations under repurchase agreements - 268,061 - - 268,061 - - - - 268,061 Time deposits and other time liabilities 121,479 5,120,171 4,201,271 2,299,018 11,741,939 106,833 2,811 62,362 172,006 11,913,945 Financial derivative contracts - 144,410 196,444 356,288 697,142 378,582 358,358 705,406 1,442,346 2,139,488 Interbank borrowings 4,130 46,013 397,419 1,030,241 1,477,803 220,554 - - 220,554 1,698,357 Issued debt instruments - 21,043 55,119 274,239 350,401 1,727,571 2,104,771 2,910,910 6,743,252 7,093,653 Other financial liabilities 177,663 701 2,583 31,879 212,826 27,581 404 1,219 29,204 242,030 Guarantees received (margin accounts) 408,313 - - - 408,313 - - - - 408,313 Total financial liabilities 8,966,477 5,600,399 4,852,836 3,991,665 23,411,377 2,461,121 2,466,344 3,679,897 8,607,362 32,018,739 (*) Interbank loans are presented on a gross basis, The amount of allowance is Ch$472 million, (**) Loans and accounts receivables from customers are presented on a gross basis, Provisions amounts according totype of loan are detailed as follows: Commercial loans Ch$ 437,863 million, Mortgage loans Ch$ 69,066 million, and Consumer loans Ch$ 283,756 million, |
PROVISIONS AND CONTINGENT PRO_2
PROVISIONS AND CONTINGENT PROVISIONS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Provisions [abstract] | |
Schedule of composition provisions | As of December 31, 2018 and 2017, the composition is as follows: As of December 31, 2018 2017 MCh$ MCh$ Provisions for personnel salaries and expenses 93,379 97,576 Provisions for mandatory dividends 178,600 168,840 Provisions for contingent loan risk* 23,709 9,480 Other 620 599 Total 305,271 303,798 * Under IFRS 9 disclosure requeriments |
Schedule of activity regarding provision | Below is the activity regarding provisions during the years ended December 31, 2018 and 2017 Personnel salaries and expenses Mandatory Dividend Contingencies MCh$ MCh$ MCh$ Balances as of January 1, 2018 97,576 168,840 27,303 Provisions established 80,912 178,600 19,447 Application of provisions (72,975) - (4,431) Provisions released (3,195) (168,840) (33,356) Reclassifications - - - Other (8,939) - - Balances as of December 31, 2018 93,379 178,600 8,963 Balances as of January 1, 2017 72,592 142,815 65,404 Provisions established 106,687 168,840 8,645 Application of provisions (81,703) (142,815) (389) Provisions released - - (46,357) Reclassifications - - - Other - - - Balances as of December 31, 2017 97,576 168,840 27,303 |
Schedule of provisions for personnel salaries and expenses | Provisions for personnel salaries and expenses includes: As of December 31, 2018 2017 MCh$ MCh$ Provision for seniority compensation 9,531 17,874 Provision for stock-based personnel benefits - - Provision for performance bonds 59,633 53,947 Provision for vacations 22,792 23,039 Provision for other personnel benefits 1,423 2,716 Total 93,379 97,576 |
Schedule of provisions for contingent loan risk | An analysis of changes in the corresponding ECL allowance is, as follows: Stage 1 Stage 2 Stage 3 TOTAL Individual Collective Individual Collective Individual Collective ECL allowance at January 1, 2018 1,028 16,261 219 187 2,884 3,182 23,761 Transfer Transfers to stage 2 (30) - 65 - - - 35 Transfers to stage 3 (1) - - - 328 - 327 Transfers to stage 3 - - (11) - 567 - 556 Transfers to stage 1 1 - (7) - - - (6) Transfers to stage 2 - - - - - - - Transfers to stage 1 - - - - (1) - (1) Net changes on financial assets 115 683 3 (37) 54 (77) 741 Writte-off - - - - - - - Foreign Exchange adjustments (32) (1,874) (10) 22 24 166 (1,704) At 31 December 2018 1,081 15,070 259 172 3,856 3,271 23,709 |
OTHER LIABILITIES (Tables)
OTHER LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Liabilities | |
Schedule of other liabilities | The other liabilities line item is as follows: As of December 31, 2018 2017 MCh$ MCh$ Accounts and notes payable 163,216 196,965 Unearned income 673 601 Valuation adjustments by macrohedges 7,039 - Guarantees received (margin accounts) (1) 540,091 408,313 Notes payable through brokerage and simultaneous transactions 50,807 17,799 Other payable obligations (2) 94,779 58,921 Withheld VAT 1,990 1,887 Other liabilities (3) 41,812 60,877 Total 900,407 745,363 (1) Guarantee deposits (margin accounts) correspond to collateral associated to derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. (2) Other payable obligations mainly relates to settlement of derivatives and other financial transactions derived from the operation of the Bank. (3) Other liabilities: mainly include reimbursement of insurance commissions. |
CONTINGENCIES AND COMMITMENTS (
CONTINGENCIES AND COMMITMENTS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Contingencies And Commitments | |
Schedule of contractual obligations | The following table shows the Bank’s contractual obligations to issue loans: As of December 31, 2018 2017 MCh$ MCh$ Letters of credit issued 223,420 201,699 Foreign letters of credit confirmed 57,038 75,499 Performance guarantee 1,954,205 1,823,793 Personal guarantees 133,623 81,577 Total contingent liabilities 2,368,286 2,182,568 Available on demand credit lines 8,997,650 8,135,489 Other irrevocable credit commitments 327,297 260,691 Total loan commit ment 9,324,947 8,396,180 Total 11,693,233 10,578,748 |
Schedule of held securities | The Bank holds securities in the normal course of its business as follows: As of December 31, 2018 2017 MCh$ MCh$ Third party operations Collections 99,784 175,200 Assets from third parties managed by the Bank and its affiliates 1,630,431 1,660,804 Subtotal 1,730,215 1,836,004 Custody of securities Securities held in custody 11,160,488 383,002 Securities held in custody deposited in other entity 861,405 760,083 Issued securities held in custody 12,335,871 22,046,701 Subtotal 24,357,764 23,189,786 Total 26,087,979 25,025,790 |
EQUITY (Tables)
EQUITY (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
EQUITY | |
Schedule of activity shares | The activity with respect to shares during 2018, 2017 and 2016 was as follows: SHARES As of December 31, 2018 2017 2016 Issued as of January 1 188,446,126,794 188,446,126,794 188,446,126,794 Issuance of paid shares - - - Issuance of outstanding shares - - - Stock options exercised - - - Issued as of December 31, 188,446,126,794 188,446,126,794 188,446,126,794 |
Schedule of shareholder composition | As of December 31, 2018 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 26,486,000,071 26,486,000,071 14.05 Banks on behalf of third parties 15,451,106,985 - 15,451,106,985 8.20 Pension funds (AFP) on behalf of third parties 9,033,172,896 - 9,033,172,896 4.79 Stock brokers on behalf of third parties 4,773,558,507 - 4,773,558,507 2.53 Other minority holders 6,109,287,067 - 6,109,287,067 3.25 Total 161,960,126,723 26,486,000,071 188,446,126,974 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. As of December 31, 2017 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 31,238,866,071 31,238,866,071 16.58 Banks on behalf of third parties 13,892,691,988 - 13,892,691,988 7.37 Pension funds (AFP) on behalf of third parties 6,896,552,755 - 6,896,552,755 3.66 Stock brokers on behalf of third parties 3,762,310,365 - 3,762,310,365 2.00 Other minority holders 6,062,704,347 - 6,062,704,347 3.21 Total 157,207,260,723 31,238,866,071 188,446,126,794 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. As of December 31, 2016 the shareholder composition was as follows: Corporate Name or Shareholder’s Name Shares ADRs (*) Total % of equity holding Santander Chile Holding S.A. 66,822,519,695 - 66,822,519,695 35.46 Teatinos Siglo XXI Inversiones Limitada 59,770,481,573 - 59,770,481,573 31.72 The Bank New York Mellon - 34,800,933,671 34,800,933,671 18.47 Banks on behalf of third parties 12,257,100,312 - 12,257,100,312 6.50 Pension funds (AFP) on behalf of third parties 6,990,857,997 - 6,990,857,997 3.71 Stock brokers on behalf of third parties 3,071,882,351 - 3,071,882,351 1.63 Other minority holders 4,732,351,195 - 4,732,351,195 2.51 Total 153,645,193,123 34,800,933,671 188,446,126,794 100.00 (*) American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. |
Schedule of basic and diluted earnings per share | As of December 31, 2018, 2017 and 2016 the basic and diluted earnings per share were as follows: As of December 31, 2018 2017 2016 MCh$ MCh$ MCh$ a) Basic earnings per share Total attributable to the equity holders of the Bank 595,333 562,801 476,067 Weighted average number of outstanding shares 188,446,126,794 188,446,126,794 188,446,126,794 Basic earnings per share (in Ch$) 3.159 2.987 2.526 b) Diluted earnings per share Total attributable to the equity holders of the Bank 595,333 562,801 476,067 Weighted average number of outstanding shares 188,446,126,794 188,446,126,794 188,446,126,794 Adjusted number of shares 188,446,126,794 188,446,126,794 188,446,126,794 Diluted earnings per share (in Ch$) 3.159 2.987 2.526 |
Schedule of other comprehensive income from available for sale investments and cash flow hedges | Other comprehensive income from available for sale investments and cash flow hedges: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Debt instruments at FVOCI As of January 1, 1,855 - - Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax 6,328 - - Recycling from other comprehensive income to income for the year (1,502) - - Available for sale investments As of January 1, - 7,375 (7,093) Gain (losses) on the re-measurement of available for sale investments, before tax - (10,384) 2,267 Recycling from other comprehensive income to income for the year - 4,864 12,201 Subtotals 4,826 (5,520) 14,468 Total 6,681 1,855 7,375 Cash flow hedges As of January 1, (3,562) 2,288 8,626 Gains (losses) on the re-measurement of cash flow hedges, before tax 14,048 (5,850) (6,261) Recycling adjustments on cash flow hedges, before tax (683) - (77) Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction - - - Subtotals 13,365 (5,850) (6,338) Total 9,803 (3,562) 2,288 Other comprehensive income, before taxes 16,484 (1,707) 9,663 Income tax related to other comprehensive income components Income tax relating to debt instruments at FVOCI (1,810) - - Income tax relating to available for sale investments - (473) (1,770) Income tax relating to cash flow hedges (2,646) 908 (549) Total (4,456) 435 (2,319) Other comprehensive income, net of tax 12,028 (1,272) 7,344 Attributable to: Shareholders of the Bank 11,072 (2,312) 6,640 Non-controlling interest 956 1,040 704 |
NON-CONTROLLING INTEREST (Table
NON-CONTROLLING INTEREST (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Non-controlling Interest | |
Schedule of non-controlling interest included in the equity and the income | The non-controlling interest included in the equity and the income from the subsidiaries is summarized as follows: Other comprehensive income As of December 31, 2018 Non-controlling Equity Income Debt instruments at FVOCI Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 488 99 - - - 99 Santander S.A. Sociedad Securitizadora 0.36 2 - - - - - Santander Corredores de Bolsa Limitada 49.00 21,673 755 (84) 2 (82) 673 Santander Corredora de Seguros Limitada 0.24 172 4 (2) - (2) 2 Subtotal 22,335 858 (86) 2 (84) 774 Entities controlled through other considerations: Bansa Santander S.A. (1) 100.00 20,051 2,650 - - - 2,650 Santander Gestión de Recaudación y Cobranzas Limitada 100.00 3,777 852 - - - 852 Subtotal 23,828 3,502 - - - 3,502 Total 46,163 4,360 (86) 2 (84) 4,276 Other comprehensive income As of December 31, 2017 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 389 132 - - - 132 Santander S.A. Sociedad Securitizadora 0.36 1 - - - - - Santander Corredores de Bolsa Limitada (1) 49.00 21,000 702 470 (134) 336 1,038 Santander Corredora de Seguros Limitada 0.25 167 4 - - - 4 Subtotal 21,557 838 470 (134) 336 1,174 Entities controlled through other considerations: Bansa Santander S.A. 100.00 17,401 10,869 - - - 10,869 Santander Gestión de Recaudación y Cobranzas Limitada 100.00 2,925 741 - - - 741 Subtotal 20,326 11,610 - - - 11,610 Total 41,883 12,448 470 (134) 336 12,784 (1) In September 2017, Bansa Santander S.A. celebrated a legal cession of rights,which generated an income of Ch$20,663 million before tax (Ch$15,197 million net of taxes). Other comprehensive income As of December 31, 2016 Non-controlling Equity Income Available for sale investments Deferred tax Total other comprehensive income Comprehensive income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Subsidiaries: Santander Agente de Valores Limitada 0.97 492 116 - - - 116 Santander S.A. Sociedad Securitizadora 0.36 2 - - - - - Santander Corredores de Bolsa Limitada 49.41 19,966 1,130 1,054 (251) 803 1,933 Santander Corredora de Seguros Limitada 0.25 164 7 - - - 7 Subtotals 20,624 1,253 1,054 (251) 803 2,056 Entities controlled through other considerations: Bansa Santander S.A. 100.00 6,533 529 - - - 529 Santander Gestión de Recaudación y Cobranzas Limitada (1) 100.00 2,184 583 - - - 583 Multinegocios S.A. 100.00 - - - - - - Servicios Administrativos y Financieros Limitada 100.00 - - - - - - Multiservicios de Negocios Limitada 100.00 - - - - - - Subtotals 8,717 1,112 - - - 1,112 Total 24,341 2,365 1,054 (251) 803 3,168 (1) Ex Santander S.A. Corredores de Bolsa, See Note1. |
Schedule of financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests | The overview of the financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests is as follows, which does not include consolidation or conforming accounting policy adjustments: As of December 31, 2018 2017 2016 Net income Net income Net Assets Liabilities Capital Assets Liabilities Capital Assets Liabilities Capital income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Santander Corredora de Seguros Limitada 77,764 9,595 66,374 1,795 76,177 9,803 64,937 1,437 75,000 10,065 62,276 2,659 Santander Corredores de Bolsa Limitada 102,228 57,999 42,691 1,538 88,711 45,855 41,424 1,432 86,473 45,724 38,356 2,393 Santander Agente de Valores Limitada 50,552 71 40,177 10,304 44,910 4,732 26,569 13,609 54,486 3,666 38,851 11,969 Santander S.A. Sociedad Securitizadora 704 66 728 (90) 400 50 432 (82) 509 77 512 (80) Santander Gestión de Recaudación y Cobranzas Ltda. 6,932 3,155 2,925 852 10,826 7,901 2,184 741 8,547 6,363 1,602 582 Bansa Santander S.A. 20,437 386 17,401 2,650 25,535 8,134 6,533 10,868 31,301 24,768 6,004 529 Total 258,617 71,272 170,296 17,049 246,559 76,475 142,079 28,005 256,316 90,663 147,601 18,052 |
INTEREST INCOME (Tables)
INTEREST INCOME (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Interest Income | |
Schedule of income from interest | For the years ended December 31, 2018, 2017 and 2016 the income from interest, was attributable to the following items: For the years ended December 31, 2018 2017 2016 Interest Inflation adjustments Prepaid fees Total Interest Inflation adjustments Prepaid fees Total Interest Inflation adjustments Prepaid fees Total Items MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Resale agreements 903 - - 903 939 - - 939 1,488 - - 1,488 Interbank loans 897 - - 897 969 - - 969 295 - - 295 Commercial loans 771,405 153,851 11,008 936,264 752,013 85,389 10,525 847,927 742,432 130,904 7,659 880,995 Mortgage loans 330,055 266,691 909 597,655 320,041 149,303 414 469,758 304,116 228,081 7,012 539,209 Consumer loans 579,929 439 6,166 586,534 612,932 363 4,738 618,033 604,152 660 4,318 609,130 Investment instruments 75,423 24,790 - 100,213 74,000 5,797 - 79,797 75,808 2,916 - 78,724 Other interest income 16,644 4,013 - 20,657 12,172 1,538 - 13,710 11,136 2,445 - 13,581 Interest income not including income from hedge accounting 1,775,256 449,784 18,083 2,243,123 1,773,066 242,390 15,677 2,031,133 1,739,427 365,006 18,989 2,123,422 |
Schedule of interest expense | For the years ended December 31, 2018, 2017 and 2016, the expense from interest expense, excluding expense from hedge accounting, is as follows: For the years ended December 31, 2018 2017 2016 Interest Inflation adjustments Total Interest Inflation adjustments Total Interest Inflation adjustments Total Items MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Demand deposits (14,914) (1,371) (16,285) (13,851) (695) (14,546) (16,003) (1,043) (17,046) Repurchase agreements (6,439) - (6,439) (6,514) - (6,514) (2,822) - (2,822) Time deposits and liabilities (317,061) (35,284) (352,345) (341,821) (20,509) (362,330) (399,720) (38,946) (438,666) Interbank loans (39,971) - (39,971) (26,805) - (26,805) (19,803) - (19,803) Issued debt instruments (241,455) (133,227) (374,682) (220,027) (76,170) (296,197) (197,973) (105,452) (303,425) Other financial liabilities (2,698) (110) (2,808) (2,946) (303) (3,249) (3,008) (781) (3,789) Other interest expense (6,929) (10,497) (17,426) (5,236) (4,973) (10,209) (5,211) (8,874) (14,085) Interest expense not including expenses from hedge accounting (629,467) (180,489) (809,956) (617,200) (102,650) (719,850) (644,540) (155,096) (799,636) |
Schedule of income and expense from interest | For the years ended December 31, 2018 2017 2016 Items MCh$ MCh$ MCh$ Interest income not including income from hedge accounting 2,243,123 2,031,133 2,123,422 Interest expense not including expense from hedge accounting (809,956) (719,850) (799,636) Net Interest income (expense) from hedge accounting 1,433,167 1,311,283 1,323,786 Hedge accounting (net) (18,799) 15,408 (42,420) Total net interest income 1,414,368 1,326,691 1,281,366 |
FEES AND COMMISSIONS (Tables)
FEES AND COMMISSIONS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fees And Commissions | |
Schedule of fees and commission | This item includes the amount of fees earned and paid during the year, except for those which are an integral part of the financial instrument’s effective interest rate: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fee and commission income Fees and commissions for lines of credits and overdrafts 6,624 7,413 5,754 Fees and commissions for guarantees and letters of credit 33,654 33,882 35,911 Fees and commissions for card services 218,903 201,791 195,566 Fees and commissions for management of accounts 33,865 31,901 31,540 Fees and commissions for collections and payments 40,077 44,312 31,376 Fees and commissions for intermediation and management of securities 10,147 10,090 9,304 Insurance brokerage fees 39,949 36,430 40,882 Office banking 15,921 15,669 14,145 Fees for other services rendered 45,633 43,123 38,038 Other fees earned 39,690 30,947 28,668 Total 484,463 455,558 431,184 For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Fee and commission expense Compensation for card operation (163,794) (149,809) (143,509) Fees and commissions for securities transactions (936) (858) (946) Office banking (4,096) (15,283) (14,671) Other fees (24,752) (10,545) (17,634) Total (193,578) (176,495) (176,760) Net fees and commissions income 290,885 279,063 254,424 |
Schedule of income and expences | The income and expenses for the commissions of the business segments are presented below and the calendar for the recognition of income from ordinary activities is opened. Segments Revenue recognition calendar for ordinary activities As of December 31, 2018 Individuals and PYMEs Companies and Institutions Global Corporate Banking Others Total Transferred over time Transferred at a point in time Accrual model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commission income Commissions for lines of credit and overdrafts 5,901 271 453 (1) 6,624 6,624 - - Commissions for guarantees and letters of credit 11,099 16,258 6,239 58 33,654 33,654 - - Commissions for card services 211,615 6,193 1,036 59 218,903 34,856 184,047 - Commissions for account management 30,386 2,678 799 2 33,865 33,865 - - Commissions for collections, collections and payments 66,780 1,693 458 (28,854) 40,077 - 15,719 24,358 Commissions for intermediation and management of values 4,050 134 7,221 (1,258) 10,147 - 10,147 - Remuneration for insurance commercialization - - - 39,949 39,949 - - 39,949 Office banking 11,420 3,893 608 - 15,921 - 15,921 - Other remuneration for services rendered 40,901 3,833 819 80 45,633 - 45,633 - Other commissions earned 6,908 9,743 23,320 (281) 39,690 - 39,690 - Total 389,060 44,696 40,953 9,754 484,463 108,999 311,157 64,307 Commission expenses Remuneration for card operation (159,817) (3,186) (134) (657) (163,794) - (163,794) - Commissions per transaction with securities (169) (3) (419) (345) (936) - (936) - Office banking (2,374) (985) (722) (15) (4,096) - (4,096) - Other commissions (6,168) (3,776) (4,614) (10,194) (24,752) - (24,752 ) - Total (168,528) (7,950) (5,889) (11,211) (193,578) - (193,578) - Total Net commission income and expenses 220,532 36,746 35,064 (1,457) 290,885 108,999 117,579 64,307 |
NET INCOME (EXPENSE) FROM FIN_2
NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Net Income Expense From Financial Operations | |
Schedule of income (expense) from financial operations | In accordance with the IFRS 9 and IFRS 7 disclosure , the detail of income (expense) from financial operations is as follows: For the years ended December 31, 2018 MCh$ Net gains on trading derivatives 38,217 Net gains on financial assets at fair value through profit or loss 9,393 Net gains on derecognition of financial assets measured at amortised cost 8,479 Sale of loans and accounts receivables from customers Current portfolio (309) Charged-off portfolio 709 Repurchase of issued bonds (*) (840) Other income (expense) from financial operations (2,475) Total income (expense) 53,174 (*) The disclosure for the years December 31, 2017 and 2016, the detail of income (expense) from financial operations is as follows: For the years ended December 31, 2017 2016 MCh$ MCh$ Income (expense) from financial operations Trading derivatives (18,974) (395,209) Trading investments 10,008 18,229 Sale of loans and accounts receivables from customers Current portfolio 3,020 1,469 Charged-off portfolio 3,020 2,720 Available for sale investments 8,956 14,598 Repurchase of issued bonds (*) (742) (8,630) Other income (expense) from financial operations (2,492) (211) Total income (expense) 2,796 (367,034) |
NET FOREIGN EXCHANGE GAIN (LO_2
NET FOREIGN EXCHANGE GAIN (LOSS) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Net Foreign Exchange Gain | |
Schedule of net foreign exchange income | For the years ended December 31, 2018, 2017 and 2016 net foreign exchange income is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Net profit (loss) from currency exchange differences (212,618) 113,115 116,117 Hedging derivatives 252,275 22,933 399,875 Income from assets indexed to foreign currency 12,251 (9,190) (8,745) Income from liabilities indexed to foreign currency - 98 145 Total 51,908 126,956 507,392 |
EXPECTED CREDIT LOSSESS ALLOW_2
EXPECTED CREDIT LOSSESS ALLOWANCE (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Expected Credit Lossess Allowance | |
Schedule of expected credit losses | As of December 31, 2018, under the new credit risk model established by IFRS 9 the ECL allowance by stage recorded at income statements is as follows: For the year ended December 31, 2018 Stage1 Stage2 Stage3 TOTAL Individual Collective Individual Collective Individual Collective MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans 79 5,652 (2,891) (1,533) (96,131) (47,959) (142,782) Mortgage loans - 5,583 - 5,161 - 3,375 14,119 Consumer loans - 1,861 - 192 - (191,304) (189,251) Contingent loans (90) 1,214 11 (68) (225) (834) 9 Loans and account receivable at FVOCI 363 - 68 - - - 431 Debt at FVOCI - 66 - - - - 66 Total 353 14,376 (2,811) 3,752 (96,356) (236,722) (317,408) II. Provision for loan losses – under IAS 39 Loans and accounts receivable from customers Total For the year ended December 31, 2017 Interbank loans Individual Commercial loans Mortgage loans Consumer loans Contingent loans Individual Group Group Group Individual Group MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Charged-off individually significant loans - (15,699) - - - - - (15,699) Provisions established (307) (64,658) (148,681) (43,621) (252,038) (3,117) (4,224) (516,646) Total provisions and charge-offs (307) (80,357) (148,681) (43,621) (252,038) (3,117) (4,224) (532,345) Provisions released 3,970 55,925 20,491 11,427 46,089 7,001 1,660 146,563 Recovery of loans previously charged off - 11,114 21,499 10,942 39,972 - - 83,527 Net charge to income 3,663 (13,318) (106,691) (21,252) (165,977) 3,884 (2,564) (302,255) Loans and accounts receivable from customers Total For the year ended December 31, 2016 Interbank loans Individual Commercial loans Mortgage loans Consumer loans Contingent loans Individual Group Group Group Individual Group MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Charged-off individually significant loans - (11,222) - - - - - (11,222) Provisions established (3,052) (61,002) (133,855) (50,892) (280,544) (11,986) (2,909) (544,240) Total provisions and charge-offs (3,052) (72,224) (133,855) (50,892) (280,544) (11,986) (2,909) (555,462) Provisions released 83 43,183 14,432 34,246 30,790 6,963 5,384 135,081 Recovery of loans previously charged off - 11,142 16,043 10,041 41,072 - - 78,298 Net charge to income (2,969) (17,899) (103,380) (6,605) (208,682) (5,023) 2,475 (342,083) |
Schedule of significant loans | The detail of Charge-off of individually significant loans, is as follows: For the years ended December 31, 2017 2016 MCh$ MCh$ Charge-off of loans 51,978 47,605 Provision applied (36,279) (36,383) Net charge offs of individually significant loans 15,699 11,222 |
PERSONNEL SALARIES AND EXPENS_2
PERSONNEL SALARIES AND EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Personnel Salaries And Expenses | |
Schedule of personnel expenses | For the years ended December 31, 2018, 2017 and 2016, the composition of personnel salaries and expenses is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation 259,354 250,962 249,703 Bonuses or gratifications 72,728 75,181 77,649 Stock-based benefits (337) 2,752 331 Seniority compensation 21,869 26,120 26,263 Pension plans 1,069 2,039 (150) Training expenses 3,782 2,867 2,835 Day care and kindergarten 2,778 2,505 3,072 Health funds - 4,748 4,777 Welfare funds 6,040 896 806 Other personnel expenses 30,281 28,897 29,847 Total 397,564 396,967 395,133 |
ADMINISTRATIVE EXPENSES (Tables
ADMINISTRATIVE EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Administrative Expenses | |
Schedule of administrative expenses | For the years ended December 31, 2018, 2017 and 2016, the composition of the item is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ General administrative expenses 145,241 139,418 138,974 Maintenance and repair of property, plant and equipment 20,962 21,359 19,901 Office lease 29,761 26,136 28,098 Equipment lease 55 96 280 Insurance payments 3,439 3,354 3,842 Office supplies 5,070 6,862 5,747 IT and communication expenses 44,209 39,103 37,351 Heating, and other utilities 4,849 5,468 4,863 Security and valuables transport services 12,168 12,181 14,793 Representation and personnel travel expenses 3,444 4,262 5,440 Judicial and notarial expenses 1,148 974 952 Fees for technical reports and auditing 10,020 9,379 7,631 Other general administrative expenses 10,116 10,244 10,076 Outsourced services 65,358 57,400 55,757 Data processing 32,360 34,880 36,068 Products sale - - Archive services 3,401 3,324 4,427 Valuation services 3,167 2,419 3,489 Outsourcing 9,936 6,878 5,404 Other 16,494 9,899 6,369 Board expenses 1,297 1,290 1,371 Marketing expenses 19,286 18,877 17,844 Taxes, payroll taxes, and contributions 13,907 13,118 12,467 Real estate taxes 1,730 1,443 1,435 Patents 1,896 1,646 1,618 Other taxes 7 24 93 Contributions to SBIF 10,274 10,005 9,321 Total 245,089 230,103 226,413 |
DEPRECIATION, AMORTIZATION, A_2
DEPRECIATION, AMORTIZATION, AND IMPAIRMENT (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Depreciation Amortization And Impairment | |
Schedule of depreciation, amortization and impairment charges | Depreciation, amortization and impairment charges for the years ended December 31, 2018, 2017 and 2016, are detailed below: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Depreciation and amortization Depreciation of property, plant, and equipment (54,987) (55,623) (45,025) Amortization of Intangible assets (24,293) (22,200) (20,334) Total depreciation and amortization (79,280) (77,823) (65,359) Impairment of property, plant, and equipment (39) (354) (234) Impairment of intangibles - (5,290) - Total (79,319) (83,467) (65,593) |
OTHER OPERATING INCOME AND EX_2
OTHER OPERATING INCOME AND EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Other Operating Income And Expenses | |
Schedule of other operating income | Other operating income is comprised of the following components: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Income from assets received in lieu of payment 7,106 3,330 1,663 Income from sale of investments in other companies - - - Release of contingencies provisions (1) 12,020 29,903 - Other income 4,003 28,783 4,764 Leases 222 264 519 Income from sale of property, plant and equipment (2) 2,490 23,229 2,017 Recovery of provisions for contingencies - - - Compensation from insurance companies due to damages 144 1,237 1,530 Other 1,147 4,053 698 Total 23,129 62,016 6,427 (1) (2) stated in Note N°26. |
Schedule of other operating expenses | Other operating expenses are detailed as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Allowances and expenses for assets received in lieu of payment 2,537 5,591 11,416 Provision on assets received in lieu of payment 816 3,912 9,246 Expenses for maintenance of assets received in lieu of payment 1,721 1,679 2,170 Credit card expenses 3,151 3,070 3,636 Customer services 3,635 2,563 3,734 Other expenses 23,019 57,189 50,116 Operating charge-offs 798 1,607 6,146 Life insurance and general product insurance policies 9,964 23,475 18,393 Additional tax on expenses paid overseas - - 142 Provisions for contingencies 21 - 4,238 Retail association payment 898 912 - Other 11,338 31,195 21,197 Total 32,342 68,413 68,902 |
TRANSACTIONS WITH RELATED PAR_2
TRANSACTIONS WITH RELATED PARTIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Transactions With Related Parties | |
Schedule of loans and accounts receivable as well as contingent loans that correspond to related entities | Below are loans and accounts receivable as well as contingent loans that correspond to related entities: As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable: Commercial loans 122,289 459 4,299 233 80,076 771 3,947 7,793 81,687 533 4,595 7,100 Mortgage loans - - 18,814 - - - 18,796 - - - 18,046 - Consumer loans - - 5,335 - - - 4,310 - - - 3,783 - Loans and accounts receivable: 122,289 459 28,448 233 80,076 771 27,053 7,793 81,687 533 26,424 7,100 Allowance for loan losses (308) (9) (116) (5) (209) (9) (177) (18) (209) (35) (87) (34) Net loans 121,981 450 28,332 228 79,867 762 26,876 7,775 81,478 498 26,337 7,066 Guarantees 442,854 - 22,893 7,171 361,452 - 23,868 7,164 434,141 - 23,636 5,486 Contingent loans: Personal guarantees - - - - - - - - - - - - Letters of credit 5,392 - 2,060 44 19,251 - - 33 27,268 - - - Guarantees 445,064 - 3,364 - 377,578 - - - 437,101 - - - Contingent loans: 450,456 - 5,424 44 396,829 - - 33 464,369 - - - Allowance for contingent loans (1) - (18) - (4) - - 1 (5) - - - Net contingent loans 450,455 - 5,406 44 396,825 - - 34 464,364 - - - |
Schedule of loan activity to related parties | Loan activity to related parties during 2018, 2017 and 2016 is shown below: As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key Personnel Other Companies of the Group Associated companies Key Personnel Other Companies of the Group Associated companies Key Personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 476,906 771 27,051 7,826 546,058 532 26,423 7,100 616,968 565 28,675 1,966 Loans granted 200,657 39 16,574 773 78,214 318 7,777 1,050 122,729 203 8,580 6,808 Loans payments (104,818) (351) (9,754) (700) (147,366) (79) (7,149) (324) (193,189) (236) (10,832) (1,674) Total 572,745 459 33,871 7,899 476,906 771 27,051 7,826 546,508 532 26,423 7,100 |
Schedule of assets and liabilities with related parties | Assets and liabilities with related parties As of December 31, 2018 2017 2016 Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 189,803 - - - 74,949 - - - 187,701 - - - Trading investments - - - - - - - - - - - - Obligations under repurchase agreements Loans - - - - - - - - - - - - Financial derivative contracts 748,632 105,358 - 9 545,028 86,011 - - 742,851 33,433 - - Available for sale investments - - - - - - - - - - - - Other assets 38,960 51,842 - - 8,480 118,136 - - 4,711 67,454 - - Liabilities Deposits and other demand liabilities 27,515 (21,577) 2,493 (480) 24,776 25,805 2,470 221 6,988 7,141 2,883 630 Obligations under repurchase agreements Loans 6,501 - 329 68 50,945 - - - 56,167 - - - Time deposits and other time liabilities 2,585,337 - 3,189 (838) 785,988 27,968 3,703 3,504 1,545,835 6,219 2,525 2,205 Financial derivative contracts 770,624 112,523 - - 418,647 142,750 - 7,190 954,575 54,691 - - Interbank borrowing - - - - - - - - 6,165 - - - Issued debt instruments 335,443 - - - 482,626 - - - 484,548 - - - Other financial liabilities 6,807 - - - 4,919 - - - 8,970 - - - Other liabilities 60,884 89,817 - - 164,303 58,168 - - 446 44,329 - - |
Schedule of income (expense) recorded due to transactions with related parties | c) Income (expense) recorded due to transactions with related parties For the years ended December 31, 2018 2017 2016 Companies of the Group Associated Companies Key personnel Other Companies of the Group Associated companies Key personnel Other Companies of the Group Associated Companies Key personnel Other MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income (expense) recorded Interest income and inflation-indexation adjustments (53,256) (156) 1,252 508 (43,892) - 1,051 - (39,279) 40 1,164 115 Fee and commission income and expenses 91,178 7,826 305 22 72,273 15,404 224 1 56,952 22,322 204 20 Net income (expense) from financial operations and net foreign exchange gain (loss) (*) (566,677) 65,727 27 (12) 363,108 (48,453) (3) 19 (343,963) (48,373) (88) 2 Other operating income and expenses 42 1,388 - - 21,670 (1,454) - - 931 (2,239) - - Key personnel compensation and expenses - - (11,761) - - - (43,037) - - - (37,328) - Administrative and other expenses (43,035) (50,764) - - (48,246) (47,220) - - (35,554) (43,115) - - Total (571,748) 24,021 (10,177) 518 364,913 (81,723) (41,765) 20 (360,913) (71,365) (36,048) 137 (*) Primarily relates to derivative contracts used to financially cover exchange risk of assets and liabilities that cover positions of the Bank and its subsidiaries, |
Schedule of payments to Board members and key management personnel | The compensation received by key management personnel, including Board members and all the executives holding manager positions shown in the “Personnel salaries and expenses” and/or “Administrative expenses” items of the Consolidated Statements of Income, corresponds to the following categories: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Personnel compensation 12,878 16,863 17,493 Board members’ salaries and expenses 913 1,199 1,269 Bonuses or gratifications 11,920 16,057 14,404 Compensation in stock 146 1,923 331 Training expenses 163 68 161 Seniority compensation 1,133 3,842 2,619 Health funds 215 273 285 Other personnel expenses 681 773 916 Pension plans (*) 872 2,039 (150) Total 28,921 43,037 37,328 (*)Some of the executives that qualified for this benefit left the Group for different reasons, without complying with the requirements to receive the benefit, therefore the obligation amount decreased, which generated the reversal of provisions, |
Schedule of composition of key personnel | As of December 31, 2018, 2017 and 2016, the composition of theBank’s key personnel is as follows: Position No, of executives As of December 31, 2018 2017 2016 Director 11 11 13 Division manager 12 13 17 Manager 108 109 137 Total key personnel 131 133 167 |
PENSION PLANS (Tables)
PENSION PLANS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Pension Plans | |
Schedule of actuarial hypothesis assumptions | The most significant actuarial hypotheses considered in the calculations were: Plans post-employment Plans post- employment 2018 2017 Mortality chart RV-2014 RV-2014 Termination of contract rates 5,0% 5,0% Impairment chart PDT 1985 PDT 1985 |
Schedule of post-employment benefits | Activity for post-employment benefits is as follows: As of December 31, 2018 2017 MCh$ MCh$ Plan assets 6,804 7,919 Commitments for defined-benefit plans For active personnel (5,958) (6,998) Incurred by inactive personnel - - Minus: Unrealized actuarial (gain) losses - - Balances at year end 846 921 |
Schedule of cash flow for post-employment benefits | Year’s cash flow for post-employment benefits is as follows: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ a) Fair value of plan assets Opening balance 7,919 6,612 6,945 Expected yield of insurance contracts 353 307 335 Employer contributions 836 1,931 886 Actuarial (gain) losses - - - Premiums paid - - - Benefits paid (2,304) (931) (1,554) Fair value of plan assets at year end 6,804 7,919 6,612 b) Present value of obligations Present value of obligations opening balance (6,998) (4,975) (5,070) Net incorporation of Group companies - - - Service cost (1,069) (2,039) 150 Interest cost - - - Curtailment/settlement effect - - - Benefits paid - - - Past service cost - - - Actuarial (gain) losses - - - Other 2,109 16 (55) Present value of obligations at year end (5,958) (6,998) (4,975) Net balance at year end 846 921 1,637 |
Schedule of plan expected profit | Plan expected profit: As of December 31, 2018 2017 2016 Type of expected yield from the plan’s assets UF + 2.50% annual UF + 2.50% annual UF + 2.50% annual Type of yield expected from the reimbursement rights UF + 2.50% annual UF + 2.50% annual UF + 2.50% annual |
Schedule of plan associated expenses | Plan associated expenses: For the years ended December 31, 2018 2017 2016 MCh$ MCh$ MCh$ Current period service expenses 1,069 2,039 (150) Interest cost - - - Expected yield from plan’s assets (353) (307) (335) Expected yield of insurance contracts linked to the Plan: - Extraordinary allocations - - - Actuarial (gain)/ losses recorded in the period - - - Past service cost - - - Other - - - Total 716 1,732 (485) |
FAIR VALUE OF FINANCIAL ASSET_2
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Of Financial Assets And Liabilities | |
Schedule of financial assets and liabilities | Below is a comparison between the value at which the Bank’s financial assets and liabilities are recorded and their fair value as of December 31, 2018 and 2017: As of December 31, 2018 2017 Book value Fair value Book value Fair value MCh$ MCh$ MCh$ MCh$ Assets Trading investment - - 485,736 485,736 Loans and account receivable from customers and interbank loans, net - - 26,934,757 28,518,929 Available for sale investment - - 2,574,546 2,574,546 Financial derivative contracts 3,100,635 3,100,635 2,238,647 2,238,647 Financial assets held for trading 77,041 77,041 - - Loans and accounts receivable at amortised cost, net 29,331,001 30,575,611 - - Loans and accounts receivable at fvoci, net 68,588 68,588 - - Debt instrument at FVOCI 2,394,323 2,394,323 - - Guarantee deposits (margin accounts) 170,232 170,232 323,767 323,767 Liabilities Deposits and interbank borrowings 23,597,863 23,770,106 21,380,468 20,887,959 Financial derivative contracts 2,517,728 2,517,728 2,139,488 2,139,488 Issued debt instruments and other financial liabilities 8,330,633 8,605,135 7,335,683 7,487,591 Guarantees received (margin accounts) 371,512 371,512 408,313 408,313 |
Schedule of assets and liabilities on recurrent basis | The following table presents the assets and liabilities that are measured at fair value on a recurrent basis: Fair value measurement As of December 31, 2018 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Financial assets held for trading 77,041 71,158 5,883 - Debt instruments at FVOCI 2,394,323 2,368,768 24,920 635 Derivatives 3,100,635 - 3,089,077 11,558 Guarantee deposits (margin accounts) 170,232 - 170,232 - Total 5,742,231 2,439,926 3,290,112 12,193 Liabilities Derivatives 2,517,728 - 2,516,933 795 Guarantees received (margin accounts) 371,512 - 371,512 - Total 2,889,240 - 2,888,445 795 Fair value measurement As of December 31, 2017 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Trading investments 485,736 481,642 4,094 - Available for sale investments 2,574,546 2,549,226 24,674 646 Derivatives 2,238,647 - 2,216,306 22,341 Guarantee deposits (margin accounts) 323,767 323,767 - - Total 5,622,696 3,354,635 2,245,074 22,987 Liabilities Derivatives 2,139,488 - 2,139,481 7 Guarantees received (margin accounts) 408,313 408,313 - - Total 2,547,801 408,313 2,139,481 7 |
Schedule of assets or liabilities which are not measured at fair value | The following table presents assets or liabilities which are not measured at fair value in the statements of financial position but for which the fair value is disclosed: Fair value measurement As of December 31, 2018 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Loans and accounts receivable at amortised cost, net 30,575,611 - - 30,575,611 Total 30,575,611 - - 30,575,611 Liabilities Deposits and interbank borrowings 23,770,106 - 23,770,106 - I ssued debt instruments and other financial liabilities 8,605,135 - 8,605,135 - Total 32,375,241 - 32,375,241 - Fair value measurement As of December 31, 2017 Level 1 Level 2 Level 3 MCh$ MCh$ MCh$ MCh$ Assets Loans and accounts receivable from customers and interbank loans, net 28,518,929 - - 28,518,929 Total 28,518,929 - - 28,518,929 Liabilities Deposits and interbank borrowings 20,887,959 - 20,887,959 - I ssued debt instruments and other financial liabilities 7,487,591 - 7,487,591 - Total 28,375,550 - 28,375,550 - |
Schedule of financial instruments classified as Level 3 | The table below shows the effect, at December 31, 2018 and 2017, on the fair value of the main financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation, This effect was determined by a sensitivity analysis under a 1bp scenario, detailed in the following table: As of December 31, 2018 Instrument Level 3 Valuation technique Main unobservable inputs Impacts (in MCh$) Sens, -1bp Unfavorable scenario Impacts (in MCh$) Sens, +1bp Favorable scenario Derivatives Present Value method Curves on TAB (1) (2.3) 2.3 Debt instruments at FVOCI Internal rate of return method BR UF (2) - - As of December 31, 2017 Instrument Level 3 Valuation technique Main unobservable inputs Impacts (in MCh$) Sens, -1bp Unfavorable scenario Impacts (in MCh$) Sens, +1bp Favorable scenario Derivatives Present Value method Curves on TAB (1) (1.3) 1.3 Available for sale investments Internal rate of return method BR UF (2) - - (1) TAB: “Tasa Activa Bancaria” (Active Bank Rate), Average interest rates on 30, 90, 180 and 360 day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)). (2) BR: “Bonos de Reconocimiento” (Recognition Bonds), The Recognition Bond is an instrument of money provided by the State of Chile to workers who joined the new pension system, which began operating since 1981. |
Schedule of assets and liabilities measured at fair value on a recurrent basis using unobserved significant entries (Level 3) | The following table presents the Bank’s activity for assets and liabilities measured at fair value on a recurrent basis using unobserved significant inputs (Level 3) as of December 31, 2018 and 2017: Assets Liabilities MCh$ MCh$ As of January 1, 2018 22,987 7 Total realized and unrealized profits (losses) Included in statements of income (10,769) (802) Included in other comprehensive income 25 - Purchases, issuances, and loans (net) - - As of December 31, 2018 12,193 - Total profits or losses included in comprehensive income for 2018 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2017 (10,794) (802) Assets Liabilities MCh$ MCh$ As of January 1, 2017 40,034 43 Total realized and unrealized profits (losses) Included in statements of income (17,035) (36) Included in other comprehensive income (12) - Purchases, issuances, and loans (net) - - As of December 31, 2017 22,987 7 Total profits or losses included in comprehensive income for 2017 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2016 (17,047) (36) |
Schedule of financial instruments subject to compensation | The following tables show the financial instruments subject to compensation in accordance with IAS 32, for 2018 and 2017: As of December 2018 Linked financial instruments, compensated in balance Financial instruments Gross amounts Compensated in balance Net amount presented in balance Remains of unrelated and / or unencumbered financial instruments Amount in Statements of Financial Position Assets Ch$ Million Ch$ Million Ch$ Million Ch$ Million Financial derivative contracts 1,947,726 - 1,947,726 1,152,909 3,100,635 Investments under resale agreements - - - - - Loans and accounts receivable at amortised cost, net - - - 29,331,539 29,331,539 Total 1,947,726 - 1,947,726 30,484,448 32,432,174 Liabilities Financial derivative contracts 1,735,555 - 1,735,555 782,173 2,517,728 Investments under resale agreements 48,545 - 48,545 - 48,545 Deposits and interbank borrowings - - - 23,597,862 23,597,862 Total 1,784,100 - 1,784,100 24,380,035 26,164,135 As of December 2017 Linked financial instruments, compensated in balance Financial instruments Gross amounts Compensated in balance Net amount presented in balance Remains of unrelated and / or unencumbered financial instruments Amount in Statements of Financial Position Assets Ch$ Million Ch$ Million Ch$ Million Ch$ Million Financial derivative contracts 2,029,657 - 2,029,657 208,990 2,238,647 Obligations under repurchase agreements - - - - - Loans and accounts receivable from customers, and Interbank loans, net - - - 26,934,757 26,934,757 Total 2,029,657 - 2,029,657 27,143,747 29,173,404 Liabilities Financial derivative contracts 1,927,654 - 1,927,654 211,834 2,139,488 Investments under resale agreements 268,061 - 268,061 - 268,061 Deposits and interbank borrowings - - - 21,380,467 21,380,467 Total 2,195,715 - 2,195,715 21,592,301 23,788,016 |
Schedule of credit exposure in its financial derivative operations | The Bank, in order to reduce its credit exposure in its financial derivative operations, has entered into collateral contracts with its counterparties, in which it establishes the terms and conditions under which they operate, In terms collateral (received/delivered) operates when the net of the fair value of the financial instruments held exceed the thresholds defined in the respective contracts, As of December 31, 2018 As of December 31, 2017 Financial derivative contracts Assets Liability Assets Liability MM$ MM$ MM$ MM$ Financial derivative contracts with collateral agreement threshold equal to zero 2,639,835 2,133,149 1,898,220 1,773,471 Financial derivative contracts with non-zero threshold collateral agreement 344,520 262,683 221,030 316,840 Financial derivative contracts without collateral agreement 116,280 121,896 119,397 49,177 Total 3,100,635 2,517,728 2,238,647 2,139,488 |
RISK MANAGEMENT (Tables)
RISK MANAGEMENT (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Schedule of quality assets and its related provision | The following table shows quality assets and its related provision, based on our internal scoring policy as of December 31, 2018: Individually assessed Commercial Portfolio Stage 1 Stage 2 Stage 3 Total Individual Percentage Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 29,998 - - 29,998 0.10% 2 - - 2 0.00% A2 1,074,789 - - 1,074,789 3.56% 525 - - 525 0.06% A3 2,699,684 309 - 2,699,993 8.94% 2,526 - - 2,574 0.29% A4 3,200,608 16,546 - 3,217,154 10.65% 8,865 323 - 9,206 1.04% A5 1,755,259 26,141 - 1,781,400 5.90% 11,296 453 - 11,192 1.33% A6 935,499 45,671 - 981,170 3.25% 6,975 2,213 - 9,188 1.04% B1 - 494,915 187 495,102 1.64% - 14,107 79 14,232 1.61% B2 - 81,955 156 82,111 0.27% - 2,786 66 2,852 0.32% B3 - 67,089 614 67,703 0.22% - 3,841 233 4,074 0.46% B4 - 47,653 45,480 93,133 0.31% - 2,488 19,688 22,176 2.51% C1 - 46,383 108,325 154,708 0.51% - 2,548 48,147 50,695 5.75% C2 - 15,678 39,246 54,924 0.18% - 1,261 18,171 19,672 2.20% C3 - 19,655 26,204 45,859 0.15% - 733 10,803 11,297 1.31% C4 - 3,560 32,445 36,005 0.12% - 246 17,077 17,323 1.96% C5 - 703 64,762 65,465 0.22% - 32 40,541 40,573 4.60% C6 - 1,525 69,510 71,035 0.22% - 35 43,310 43,789 4.91% Subtotal 9,695,837 867,783 386,929 10,950,549 36.24% 30,189 31,066 198,115 259,370 29.39% Collectively assessed Stage 1 Stage 2 Stage 3 Total Group Percentage Stage 1 Stage 2 Stage 3 Total ECL Allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial 3,616,969 232,472 386,154 4,235,595 14.02% 43,541 24,754 179,317 247,432 28.04% Mortgage 4,341,470 249,039 285,510 4,876,289 16.14% 70,904 54,372 159,066 284,342 32.23% Consumer 9,258,962 447,496 444,523 10,150,981 33.60% 9,006 15,102 67,162 91,270 10.34% Subtotal 17,217,671 929,007 1,116,187 19,262,865 63.76% 123,451 94,048 405,545 623,044 70.61% Total 26,913,508 1,796,790 1,503,116 30,213,414 100.00% 153,640 124,114 603,660 882,414 100.00% |
Schedule of modified loans | As of December 31, 2018 Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ Gross carrying amount 26,913,508 1,796,790 1,503,116 30,213,414 Modified loans - 582,513 815,094 1,397,607 % - 32.42 % 54.23 % 4.63 % ECL allowance 153,640 125,114 603,660 882,414 Modified loans - 44,099 323,802 367,901 % - 35.25 % 53.64 % 41.69 |
Schedule of mortage and other loan | Collectively assessed Individually assessed Mortgages Other loans Revolving (Credit cards) Collectively assessed SME Individually assessed SME Middle market Corporate and Investment Banking 45% 42% 42% 42% 60% 50% Santander Group criteria There is also a relative threshold of 100% of all portfolios with the exception of the Corporate and Investment Banking Portfolio. Qualitative criteria for SICR Stage 2: The qualitative criteria is based on the existence of evidence that leads to an automatic classification of financial instruments in stage 2, mainly 30 days overdue and restructured. Thresholds of SICR are calibrated based on the average ECL of exposures that are 30 days overdue or with a level of credit risk considered to be “significant”. Collectively assessed Individually assessed Mortgages Other loans Revolving (Credit cards) Collectively assessed SME Individually assessed SME Middle market Corporate and Investment Banking Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Irregular portfolio > 30 days Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Restructured marked for monitoring Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action) Clients that are considered to be substandard or in incompliance (pre-legal action) |
Schedule of risk concentration. | The following table shows the risk concentration by industry, and by stage before ECL allowance: As of December 31, 2018 Loans and account receivable at amortised cost Stage 1 Stage 2 Stage 3 Total MCh$ MCh$ MCh$ MCh$ Commercial loans Manufacturing 992,786 92,931 54,048 1,139,765 Mining 182,342 21,821 4,585 208,748 Electricity, gas, and water 384,288 22,365 2,279 408,932 Agriculture and livestock 934,199 166,271 100,781 1,201,251 Forest 120,371 9,402 14,115 143,888 Fishing 238,348 11,104 3,569 253,021 Transport 716,493 55,011 37,802 809,306 Communications 178,215 30,407 7,222 215,844 Construction(a) 723,600 88,691 93,747 906,038 Commerce 2,950,517 189,623 199,924 3,340,064 Services 1,771,595 81,159 12,915 1,865,669 Other 4,120,052 331,470 242,096 4,693,618 Subtotal 13,312,806 1,100,255 773,083 15,186,144 Mortgage loans 9,258,962 447,496 444,523 10,150,981 Consumer loans 4,341,740 249,039 285,510 4,876,289 Total 26,913,508 1,796,790 1,503,116 30,213,414 (a) In 2018 we improved the classification of our construction loans, reassigning loans for real state rental investment companies to services. |
Schedule of macro economical forward | The annual growth forecasts for the most relevant macroeconomic variables for each of our scenarios are as follows: Average estimates 2019 - 2020 Unfavorable scenario 2 Unfavorable scenario 1 Base scenario Favorable scenario 1 Favorable scenario 2 Official interest rate 1.78% 2.82% 3.91% 4.99% 6.03% Unemployment rate 8.47% 7.53% 6.55% 6.10% 5.57% Housing Price growth 0.89% 1.06% 1.50% 2.68% 4.49% GDP growth 1.40% 2.22% 2.99% 3.87% 4.68% Consumer Price Index 1.14% 1.98% 2.83% 3.75% 4.59% |
Schedule of probabilities | The probabilities for the scenarios must total 100% and be symmetrical. Local scenario Global scenario Probability weighting Probability weighting Favorable scenario 2 5% Favorable scenario 1 20% Favorable scenario 1 20% Base scenario 60% Base scenario 50% Unfavorable scenario 1 20% Unfavorable scenario 1 20% Unfavorable scenario 2 5% |
Schedule of allowance sensibility | The ECL allowance sensibility to future macro economic conditions is as follows: December 31, 2018 Ch$ Reported ECL allowance 882,414 Gross carrying amount 30,282,022 Reported ECL Coverage 2.91% ECL amount by scenarios Favorable scenarios 2 745,089 Favorable scenarios 1 815,113 Base scenarios 879,358 Unfavorable scenarios 2 949,329 Unfavorable scenarios 2 970,563 Coverage ratio by scenarios Favorable scenarios 2 2.46% Favorable scenarios 1 2.69% Base scenarios 2.90% Unfavorable scenarios 2 3.13% Unfavorable scenarios 2 3.21% |
Schedule of financial assets and associated collateral | The following table show the maximum exposure to credit risk by class of financial asset, associated collateral and the net exposure to credit risk: December 31, 2018 Maximum exposure to credit risk Collateral (*) Net exposure Associated ECL MCh$ MCh$ MCh$ MCh$ Commercial loans 15,254,752 7,369,291 7,885,461 506,802 Mortgage loans 10,150,981 9,699,324 451,657 91,270 Consumer Loans 4,876,289 754,920 4,121,369 284,342 Total 30,282,022 17,823,535 12,458,487 882,414 |
Schedule of portfolio | c. Portfolio characteristics: As of December 31, Category 2017 Commercial Portfolio Individual Percentage Allowance Percentage MCh$ % MCh$ % A1 1,051,072 3.79% 827 0.10% A2 5,957,305 21.49% 18,514 2.34% A3 2,176,779 7.85% 27,894 3.53% B 539,074 1.94% 32,089 4.06% C1 145,033 0.52% 2,604 0.33% C2 56,871 0.21% 5,104 0.65% C3 39,825 0.14% 8,935 1.13% C4 53,261 0.19% 19,120 2.42% D1 71,896 0.26% 41,941 5.30% D2 77,048 0.28% 62,234 7.87% Subtotal 10,168,164 36.67% 219,262 27.73% Group Percentage Allowance Percentage MCh$ % MCh$ % Commercial Normal portfolio 3,488,633 12.58% 58,728 7.42% Impaired portfolio 414,530 1.50% 160,345 20.27% Subtotal 3,903,163 14.08% 219,073 27.69% Mortgage Normal portfolio 8,634,351 31.14% 20,174 2.55% Impaired portfolio 462,544 1.67% 48,892 6.17% Subtotal 9,096,895 32.81% 69,066 8.72% Consumer Normal portfolio 4,230,567 15.26% 114,099 14.42% Impaired portfolio 327,125 1.18% 169,657 21.44% Subtotal 4,557,692 16.44% 283,756 35.86% Total 27,725,914 100.00% 791,157 100.00% |
Schedule of financial assets and off-balance sheet commitments | Below is the distribution by financial asset and off-balance sheet commitments of the Bank’s maximum exposure to credit risk as of December 31, 2018 and 2017, without deduction of collateral, security interests or credit improvements received: As of December 31, 2018 2017 Amount of exposure Amount of exposure Note MCh$ MCh$ Deposits in banks 5 1,240,578 839,561 Cash items in process of collection 5 353,757 668,145 Investments under resale agreements 7 - - Financial derivative contracts 8 3,100,635 2,238,647 Trading investment - 485,736 Loans and account receivable from customers and interbank loans, net - 26,934,757 Available for sale investment - 2,574,546 Financial assets held for trading 6 77,041 - Loans and account receivable at amortised cost / Loans and account receivable at FVOCI 9 and 10 29,399,589 - Debt instrument at fair value through other comprehensive income 12 2,394,323 - Off-balance commitments: Letters of credit issued 223,420 201,699 Foreign letters of credit confirmed 57,038 75,499 Performance guarantees 1,954,205 1,823,793 Available credit lines 8,997,650 8,135,489 Personal guarantees 133,623 81,577 Other irrevocable credit commitments 327,297 260,691 Total 48,345,002 44,320,140 |
Schedule of fair value of derivative instruments | Below, there are additional details regarding our exposure for those countries classified above 1 and represents our majority of exposure to categories other than 1, Below we detail as of December 31, 2018, considering fair value of derivative instruments. Country Classification Derivative Instruments (adjusted to market) USD MCh$ Deposits USD MCh$ Loans USD MCh$ Financial investments USD MCh$ Total Exposure USD MCh$ Bolivia 3 0.00 0.00 0.06 0.00 0.06 China 2 0.00 0.00 243.95 0.00 243.95 Italy 2 0.00 2.38 0.78 0.00 3.16 México 2 0.00 0.01 0.00 0.00 0.01 Panamá 2 0.63 0.00 0.00 0.00 0.63 Perú 2 3.38 0.00 0.00 0.00 3.38 Thailand 2 0.00 0.00 0.31 0.00 0.31 Turkey 3 0.00 0.00 9.49 0.00 9.49 Total 4.01 2.39 254.59 0.00 260.99 The total amount of this exposure to derivative instruments must be compensated daily with collateral and, therefore, the net credit exposure is USD 0. Our exposure to Spain within the group is as follows: Counterpart Country Classification Derivative instruments (market adjusted) MUSD Deposits MUSD Loans MUSD Financial Investments MUSD Exposure Exposure MUSD Banco Santander España (*) Spain 1 9.74 118.26 - - 128.00 |
Schedule of security interests, collateral, or credit improvements | Below is the detail of security interests, collateral, or credit improvements provided to the Bank as of December 31, 2018 and 2017, As of December 31, 2018 2017 MCh$ MCh$ Non-impaired financial assets: Properties/mortgages 22,047,354 19,508,151 Investments and others 2,200,776 2,108,962 Impaired financial assets: Properties/ mortgages 119,181 152,252 Investments and others 865 1,087 Total 24,368,176 21,770,452 |
Schedule of liquidity portfolio | The management of the Bank’s liquidity portfolio is performed by the Financial Management Division under rules determined by the ALCO. As of December 31, 2018 2017 MCh$ MCh$ Financial investments for trading 77,041 485,736 Available for sale investments 2,394,323 2,574,546 Encumbered assets (net) (1) (48,843) (268,330) Net cash (2) 149,321 (37,628) Net Interbank deposits (3) 967,095 768,595 Total liquidity portfolio 3,585,937 3,522,919 (1) Assets encumbered through repurchase agreements are deduced from liquidity portfolio (2) Cash minus reserve requeriments. As is presented in Note 4 the reserve requeriments are established by the monthly average reserves that the bank must maintain in accordance with regulation governing minimum reserves (3) Includes overnight deposits in Central Bank, domestic banks and foreign banks. |
Schedule of exposure to liquidity risk | The following table displays the actual derived percentages as calculated per above: As of December 31, 2018 % 2017 % 30 days (20) (48) 30 days foreign currency - (22) 90 days (37) (51) |
Schedule of breakdown by maturity | Below, is the breakdown by maturity, of the liability balances of the Ba as of December 31, 2018 and 2017: Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal after 1 year Total As of December 31, 2018 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Obligations under repurchase agreements - 48,545 - - 48,545 - - - - 48,545 Checking accounts, time deposits and other time liabilities 9,027,434 5,248,418 4,108,556 3,326,199 21,710,607 191,547 6,137 63,988 261,672 21,972,279 Financial derivatives contracts - 131,378 120,361 349,551 601,290 495,789 471,185 949,464 1,916,438 2,517,728 Interbank borrowings 39,378 16,310 404,575 1,188,692 1,648,955 139,671 - - 139,671 1,788,626 Issue debt instruments - 71,465 39,267 745,830 856,562 2,431,849 1,549,743 3,277,079 7,258,671 8,115,233 Other financial liabilities 179,681 934 2,412 22,844 205,871 9,261 92 176 9,529 215,400 Subtotal 9,246,493 5,517,050 4,675,171 5,633,116 25,071,830 3,268,117 2,027,157 4,290,707 9,585,981 34,657,811 Contractual interest payments 4,918 82,292 158,760 812,920 1,058,890 1,156,262 1,110,918 1,537,385 3,804,565 4,863,456 Total 9,251,411 5,599,342 4,833,931 6,446,036 26,130,720 4,424,379 3,138,075 5,828,092 13,390,546 39,521,267 As of December 31, 2018, the scheduled maturities of other commercial commitments, including accrued interest, were as follows: Other Commercial Commitments Up to 1 month MCh$ Between 1 and 3 months MCh$ Between 3 and 12 months MCh$ Between 1 and 5 years MCh$ More than 5 years MCh$ Total MCh$ Performance guarantee 663,642 188,147 905,554 163,506 33,356 1.954,205 Confirmed foreign letters of credit 3,842 9,128 33,177 10,891 - 57,038 Letters of credit issued 12,469 110,970 54,015 45,937 29 223,420 Pledges and other commercial commitments 22,128 63,230 41,637 6,628 - 133,623 Total other commercial commitments 702,081 371,475 1,034,383 226,962 33,385 2,638,286 Demand Up to 1 month Between 1 and 3 months Between 3 and 12 months Subtotal up to 1 year Between 1 and 3 years Between 3 and 5 years More than 5 years Subtotal after 1 year Total As of December 31, 2017 MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$ MM$ Obligations under repurchase agreements - 268,061 - - 268,061 - - - - 268,061 Checking accounts, time deposits and other time liabilities 8,376,371 5,120,171 4,201,271 2,299,018 19,996,831 106,833 2,811 62,362 172,006 20,168,837 Financial derivatives contracts - 144,410 196,444 356,288 697,142 378,582 358,358 705,406 1,442,346 2,139,488 Interbank borrowings 4,130 46,013 397,419 1,030,241 1,477,803 220,554 - - 220,554 1,698,357 Issue debt instruments - 21,043 55,119 274,239 350,401 1,727,571 2,104,771 2,910,910 6,743,252 7,093,653 Other financial liabilities 177,663 701 2,583 31,879 212,826 27,581 404 1,219 29,204 242,030 Subtotal 8,558,164 5,600,399 4,852,836 3,991,665 23,003,064 2,461,121 2,466,344 3,679,897 8,607,362 31,610,426 Contractual interest payments 4,403 45,465 117,779 462,579 630,226 808,502 776,796 1,147,553 2,732,851 3,363,077 Total 8,562,567 5,645,864 4,970,615 4,454,244 23,633,290 3,269,623 3,243,140 4,827,450 11,340,213 34,973,503 As of December 31, 2017, the scheduled maturities of other commercial commitments, including accrued interest, were as follows: Other Commercial Commitments Up to 1 month Between 1 and 3 months Between 3 and 12 months Between 1 and 5 years More than 5 years Total (in millions of Ch$) Performance guarantee 514,510 244,543 835,030 208,479 21,231 1,823,793 Confirmed foreign letters of credit 16,681 33,513 21,277 4,028 - 75,499 Letters of credit issued 12,367 115,720 43,029 30,554 29 201,699 Pledges and other commercial commitments 16,028 13,382 47,288 4,880 - 81,578 Total other commercial commitments 559,586 407,158 946,624 247,941 21,260 2,182,569 |
Schedule of high, low and average levels | High, low and average levels for each component and year were as follows: VaR 2018 USDMM 2017 USDMM Consolidated: High 5.23 5.71 Low 1.21 1.56 Average 2.01 3.01 Fixed-income investments: High 2.54 5.51 Low 1.19 1.15 Average 1.71 2.36 Variable-income investments High 0.01 0.01 Low 0.00 0.00 Average 0.00 0.00 Foreign urrency investments High 4.29 4.21 Low 0.09 0.53 Average 1.14 1.71 |
Schedule of market risk | Market risk – Financial management portfolio – December 31, 2018 and 2017 2018 2017 Effect on financial income Effect on capital Effect on financial income Effect on capital Financial management portfolio – local currency (MCh$) Loss limit 48,000 192,001 48,000 175,000 High 43,742 189,725 (37,148) (141,287) Low 27,854 170,450 (22,958) (112,818) Average 37,569 180,972 (29,110) (128,506) Financial management portfolio – foreign currency (Th$US) Loss limit 30 75 30 75 High 12 38 16 42 Low 4 (10) 4 15 Average 9 22 10 23 Financial management portfolio – consolidated (in MCh$) Loss limit 48,000 192,002 48,000 175,000 High 45,492 192,848 (38,249) (142,442) Low 29,167 168,766 (23,571) (112,277) Average 38,908 182,557 (29,948) (128,360) |
Schedule of levels of basic capital and effective net equity | The levels of basic capital and effective net equity at the close of each period are as follows: Ratio As of December 31, As of December 31, 2018 2017 2018 2017 MCh$ MCh$ % % Basic capital 3,239,546 3,066,180 7.72 7.92 Regulatory capital 4,101,664 3,881,252 13.40 13.91 |
Consumer Loans [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Schedule of provision matrix | The following diagrams set forth the allowances required by our current models for consumer loans: Santander: Bank Loan type Allowance Level(1) (Loss rate) Consumer Performing New clients Existing clients Banefe 0.53% -19.75% 0.05%-11.92% 0.13%-18.67% Renegotiated consumer loans which were less than 90 days past due at the time of renegotiation (2) 3.66%-30.40% 10.19%-43.71% Renegotiated consumer loans which were more than 90 days past due at the time of renegotiation (2) 41.50%-100% 51.11%-100% Non-performing Days Past Due New Clients Existing Clients Previously Renegotiated Bank Previously Renegotiated Banefe 90-120 31.78% 31.78% 41.50% 51.11% 120-150 51.17% 51.17% 60.15% 66.65% 150-180 59.98% 59.98% 68.86% 78.50% >180 Charged-off 1. Percentage of loans outstanding 2. This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
Commerical Loans [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Schedule of provision matrix | In order to calculate the estimated incurred loan loss for all commercial loans collectively evaluated for impairment, the Bank sub-divided the portfolio in the following way: Loan type Allowance Level(1) (Loss rate) Commercial loans analyzed on a group basis Performing Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized Enterprise 0.87% -15.70% 0.03%-3.98% 0.21%-14.39% 0.14%-7.31 Renegotiated commercial loans which were less than 90 days past due at the time of renegotiation (2) loan w/o mortgage collateral 2.93%-20.65% loan with mortgage collateral 1.17%-8.25% Renegotiated commercial loans which were more than 90 days past due at the time of renegotiation (2) Days Past Due when renegotiated Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized Enterprise 90-179 41.69% 12.15% 30.95% 18.93% 180-359 67.31% 23.42% 64.47% 51.86% 360-719 75.69% 34.65% 70.15% 63.12% >720 83.82% 46.25% 74.53% 72.87% Non-performing consumer Days Past Due Commercial loan to individuals w/o mortgage collateral Commercial loan to individuals with mortgage collateral Small Enterprise Mid-sized Enterprise Previously renegotiated 90-179 41.69% 12.15% 30.95% 18.93% 18.93% 180-359 67.31% 23.42% 64.47% 51.86% 51.86% 360-719 75.69% 34.65% 70.15% 63.12% 63.12% >720 83.82% 46.25% 74.53% 72.87% 72.87% (1) Percentage of loans outstanding (2) This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
Residential Mortgage Loans [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Schedule of provision matrix | The following table sets forth the required loan loss allowance for residential mortgage loans: Bank Loan type Allowance Level(1) (Loss rate) Residential mortgage Performing Bank (excl Select) Santander Select 0.00%-5.18% 0.00%-3.88% Renegotiated mortgage loans which were less than 90 days past due at the time of renegotiation (2) 0.16%-8.37% Renegotiated mortgage loans which were more than 90 days past due at the time of renegotiation (2) 5.58%-26.25% Non-performing mortgage Loan to Value 0-60 5.58% 60-80 8.48% 80-90 11.93% >90 16.25% 1. Percentage of loans outstanding 2. This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Santander Corredora de Seguros Limitada [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of the Subsidiary | Santander Corredora de Seguros Limitada | |||
Main Activity | Insurance brokerage | |||
Country | Santiago, Chile | |||
Direct interest Owned | 99.75% | 99.75% | 99.75% | |
indirect interest Owned | 0.01% | 0.01% | 0.01% | |
Total interest Owned | 99.76% | 99.76% | 99.76% | |
Santander Corredores de Bolsa Limitada [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of the Subsidiary | Santander Corredores de Bolsa Limitada | |||
Main Activity | Financial instruments brokerage | |||
Country | Santiago, Chile | |||
Direct interest Owned | 50.59% | 50.59% | 50.59% | |
indirect interest Owned | 0.41% | 0.41% | 0.41% | |
Total interest Owned | 51.00% | 51.00% | 51.00% | |
Santander Agente de Valores Limitada [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of the Subsidiary | [1] | Santander Agente de Valores Limitada | ||
Main Activity | [1] | Securities brokerage | ||
Country | [1] | Santiago, Chile | ||
Direct interest Owned | [1] | 99.03% | 99.03% | 99.03% |
indirect interest Owned | [1] | |||
Total interest Owned | [1] | 99.03% | 99.03% | 99.03% |
Santander S.A. Sociedad Securitizadora [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of the Subsidiary | Santander S.A. Sociedad Securitizadora | |||
Main Activity | Purchase of credits and issuance of debt instruments | |||
Country | Santiago, Chile | |||
Direct interest Owned | 99.64% | 99.64% | 99.64% | |
indirect interest Owned | ||||
Total interest Owned | 99.64% | 99.64% | 99.64% | |
[1] | On July 25, 2018, the company has ceased conducting foreign currency purcharse and sale operations, hence forth this operation will be carried out directly by the Bank. |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Redbanc S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Redbanc S.A. | |||
Main activity | ATM services | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | 33.43% | 33.43% | 33.43% | |
Transbank S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | [1] | Transbank S.A. | ||
Main activity | [1] | Debit and credit card services | ||
Place of incorporation and operation | [1] | Santiago, Chile | ||
Percentage of ownership share | [1] | 25.00% | 25.00% | 25.00% |
Centro de Compensacion Automatizado S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Centro de Compensación Automatizado | |||
Main activity | Electronic fund transfer and compensation services | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | 33.33% | 33.33% | 33.33% | |
Sociedad Interbancaria de Deposito de Valores S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Sociedad Interbancaria de Depósito de Valores S.A. | |||
Main activity | Delivery of securities on public offer | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | 29.29% | 29.29% | 29.29% | |
Camara de Compensacion de Alto Valor S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Cámara Compensación de Alto Valor S.A. | |||
Main activity | Payments clearing | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | [2],[3],[4] | 15.00% | 15.00% | 14.93% |
Administrador Financiero del Transantiago S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Administrador Financiero del Transantiago S.A. | |||
Main activity | Administration of boarding passes to public transportation | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | 20.00% | 20.00% | 20.00% | |
Sociedad Nexus S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Sociedad Nexus S.A. | |||
Main activity | Credit card processor | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | 12.90% | 12.90% | 12.90% | |
Servicios de Infraestructura de Mercado OTC S.A. [Member] | ||||
Disclosure of associates [line items] | ||||
Associates | Servicios de Infraestructura de Mercado OTC S.A. | |||
Main activity | Administration of the infrastructure for the financial market of derivative instruments | |||
Place of incorporation and operation | Santiago, Chile | |||
Percentage of ownership share | [2],[3] | 12.48% | 12.48% | 12.07% |
[1] | The Bank has given a mandate to third party to exercise its rights as shareholder in Transbank. | |||
[2] | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA" and "Market infrastructure services OTC S,A". the Bank's share in those companies increased to 14.93% and 12.07% respectively. | |||
[3] | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA'' and "Servicios de Infraestructura de Mercado OTC S,A", the Banks share in those companies increased to 14.84% and 11.93% respectively. | |||
[4] | In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA", the Banks share increased to 15.00%. |
SUMMARY OF SIGNIFICANT ACCOUN_6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) | 12 Months Ended |
Dec. 31, 2018 | |
Land [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | |
Paintings And Works Of Art [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | |
Carpets And Curtains [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P36M |
Computers And Hardware [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P36M |
Vehicles [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P36M |
IT Systems And Software [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P36M |
ATMs [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Other Machines And Equipment [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Office Furniture [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Telephone And Communication Systems [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Security Systems [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Rights Over Telephone Lines [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P60M |
Air Conditioning Systems [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P84M |
Other Installations [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P120M |
Buildings [Member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life | P1200M |
SUMMARY OF SIGNIFICANT ACCOUN_7
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) | 12 Months Ended |
Dec. 31, 2018 | |
Consumer Loans With Or Without Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 6 months |
Other Transactions Without Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 24 months |
Commercial Loans With Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 36 months |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Term | 48 months |
Consumer Leasing [Member] | |
Disclosure of financial assets [line items] | |
Term | 6 months |
Other Non-Mortgage Leasing Transactions [Member] | |
Disclosure of financial assets [line items] | |
Term | 12 months |
Mortgage Leasing (Household And Business) [Member] | |
Disclosure of financial assets [line items] | |
Term | 36 months |
SUMMARY OF SIGNIFICANT ACCOUN_8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) | 12 Months Ended |
Dec. 31, 2018 | |
Consumer Loans With Or Without Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 6 months |
Other Transactions Without Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 24 months |
Commercial Loans With Collateral [Member] | |
Disclosure of financial assets [line items] | |
Term | 36 months |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Term | 48 months |
Consumer Leasing [Member] | |
Disclosure of financial assets [line items] | |
Term | 6 months |
Other Non-Mortgage Leasing Transactions [Member] | |
Disclosure of financial assets [line items] | |
Term | 12 months |
Mortgage Leasing (Household And Business) [Member] | |
Disclosure of financial assets [line items] | |
Term | 36 months |
SUMMARY OF SIGNIFICANT ACCOUN_9
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Millions | Apr. 21, 2016CLP ($) | Dec. 31, 2018CLP ($)Segment | Dec. 31, 2017Segment | Dec. 31, 2016 | Sep. 30, 2016 |
Disclosure of associates [line items] | |||||
Foreign exchange rate | Segment | 697.76 | 616.85 | |||
Foreign exchange inflation rate | 2.60% | 2.30% | |||
Credit valuation adjustment | $ 8,142 | ||||
Debit valuation adjustment | $ 15,406 | ||||
Minimum mandatory dividends distributed | 30.00% | 30.00% | |||
USD [Member] | |||||
Disclosure of associates [line items] | |||||
Foreign exchange rate | Segment | 1 | 1 | |||
Unidad De Fomento (funds code) [Member] | |||||
Disclosure of associates [line items] | |||||
Foreign exchange rate | Segment | 27,565.79 | 26,798.14 | |||
Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor S.A. [Member] | |||||
Disclosure of associates [line items] | |||||
Increase (decrease) in bank shares percenatge | 15.00% | 14.84% | 14.93% | ||
Servicios de Infraestructura de Mercado OTC S.A. [Member] | |||||
Disclosure of associates [line items] | |||||
Increase (decrease) in bank shares percenatge | 11.93% | 12.07% | |||
Transbank S.A. [Member] | |||||
Disclosure of associates [line items] | |||||
Proportion of ownership interest in subsidiary | 25.00% | ||||
Payments of shares | $ 4,000 | ||||
Subscribed and paid shares | $ 1,000 | ||||
Banco Santander Spain [Member] | Banco Santander-Chile [Member] | |||||
Disclosure of associates [line items] | |||||
Proportion of ownership interest in subsidiary | 99.50% | ||||
Banco Santander Spain [Member] | Teatinos Siglo XXi inversiones Ltda [Member] | |||||
Disclosure of associates [line items] | |||||
Proportion of ownership interest in subsidiary | 100.00% | ||||
Banco Santander Spain [Member] | Santander-Chile Bank [Member] | |||||
Disclosure of associates [line items] | |||||
Proportion of ownership interest in subsidiary | 67.18% |
ACCOUNTING CHANGES (Details)
ACCOUNTING CHANGES (Details) $ in Millions | Jan. 02, 2018CLP ($) |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 27,617,680 |
ECL allowance | 888,091 |
Net Assets | 26,566,917 |
Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 24,570,691 |
ECL allowance | 167,125 |
Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,565,462 |
ECL allowance | 126,107 |
Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,481,527 |
ECL allowance | 594,859 |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 13,963,093 |
ECL allowance | 482,713 |
Net Assets | 13,317,708 |
Commercial Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 12,401,069 |
ECL allowance | 79,811 |
Commercial Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 838,533 |
ECL allowance | 51,323 |
Commercial Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 723,491 |
ECL allowance | 351,579 |
Commercial Loans [Member] | Interbank Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 162,685 |
ECL allowance | 13 |
Net Assets | 162,672 |
Commercial Loans [Member] | Interbank Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 162,685 |
ECL allowance | 13 |
Commercial Loans [Member] | Interbank Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
ECL allowance | |
Commercial Loans [Member] | Interbank Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
ECL allowance | |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 9,882,422 |
ECL allowance | 339,957 |
Net Assets | 9,542,465 |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 8,743,179 |
ECL allowance | 56,546 |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 595,436 |
ECL allowance | 36,541 |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 543,807 |
ECL allowance | 246,870 |
Commercial Loans [Member] | Foreign Trade Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,574,513 |
ECL allowance | 39,212 |
Net Assets | 1,535,301 |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,464,059 |
ECL allowance | 4,883 |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 56,110 |
ECL allowance | 849 |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 54,344 |
ECL allowance | 33,480 |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 195,696 |
ECL allowance | 12,098 |
Net Assets | 183,598 |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 173,738 |
ECL allowance | 2,302 |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 8,005 |
ECL allowance | 411 |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 13,953 |
ECL allowance | 9,385 |
Commercial Loans [Member] | Factoring Transactions [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 449,890 |
ECL allowance | 4,294 |
Net Assets | 445,596 |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 441,014 |
ECL allowance | 837 |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,035 |
ECL allowance | 91 |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,841 |
ECL allowance | 3,366 |
Commercial Loans [Member] | Student Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 88,290 |
ECL allowance | 12,065 |
Net Assets | 76,225 |
Commercial Loans [Member] | Student Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 70,984 |
ECL allowance | 3,644 |
Commercial Loans [Member] | Student Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 7,402 |
ECL allowance | 2,329 |
Commercial Loans [Member] | Student Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 9,904 |
ECL allowance | 6,092 |
Commercial Loans [Member] | Leasing Transactions [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,457,004 |
ECL allowance | 46,334 |
Net Assets | 1,410,670 |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,235,103 |
ECL allowance | 8,946 |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 161,882 |
ECL allowance | 9,553 |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 60,019 |
ECL allowance | 27,835 |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 152,593 |
ECL allowance | 28,740 |
Net Assets | 123,853 |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 110,307 |
ECL allowance | 2,640 |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 5,663 |
ECL allowance | 1,549 |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 36,623 |
ECL allowance | 24,551 |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 9,096,895 |
ECL allowance | 108,019 |
Net Assets | 8,988,876 |
Mortgage Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 8,191,229 |
ECL allowance | 14,602 |
Mortgage Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 469,349 |
ECL allowance | 20,227 |
Mortgage Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 436,317 |
ECL allowance | 73,190 |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 24,060 |
ECL allowance | 248 |
Net Assets | 23,812 |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 21,529 |
ECL allowance | 25 |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,230 |
ECL allowance | 51 |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,301 |
ECL allowance | 172 |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 115,078 |
ECL allowance | 871 |
Net Assets | 114,207 |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 107,900 |
ECL allowance | 100 |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 2,973 |
ECL allowance | 143 |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,205 |
ECL allowance | 628 |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 8,957,757 |
ECL allowance | 106,900 |
Net Assets | 8,850,857 |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 8,061,800 |
ECL allowance | 14,477 |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 465,146 |
ECL allowance | 20,033 |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 430,811 |
ECL allowance | 72,390 |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,557,692 |
ECL allowance | 297,359 |
Net Assets | 4,260,333 |
Consumer Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 3,978,393 |
ECL allowance | 72,712 |
Consumer Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 257,580 |
ECL allowance | 54,557 |
Consumer Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 321,719 |
ECL allowance | 170,090 |
Consumer Loans [Member] | Leasing Transactions [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,715 |
ECL allowance | 1,110 |
Net Assets | 3,605 |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,627 |
ECL allowance | 1,013 |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 47 |
ECL allowance | 23 |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 41 |
ECL allowance | 74 |
Consumer Loans [Member] | Installment Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 2,910,742 |
ECL allowance | 255,849 |
Net Assets | 2,654,893 |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 2,378,614 |
ECL allowance | 51,172 |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 234,044 |
ECL allowance | 46,866 |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 298,084 |
ECL allowance | 157,811 |
Consumer Loans [Member] | Credit Card Balances [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,364,980 |
ECL allowance | 40,058 |
Net Assets | 1,324,922 |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,324,742 |
ECL allowance | 20,443 |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 20,916 |
ECL allowance | 7,633 |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 19,322 |
ECL allowance | 11,982 |
Consumer Loans [Member] | Other Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 277,255 |
ECL allowance | 342 |
Net Assets | 276,913 |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 270,410 |
ECL allowance | 84 |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 2,573 |
ECL allowance | 35 |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,272 |
ECL allowance | $ 223 |
ACCOUNTING CHANGES (Details 1)
ACCOUNTING CHANGES (Details 1) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Total financial assets measured at amortised cost | $ 29,331,001 | |
Total financial assets measured at FVOCI | 2,394,323 | |
IAS 39 [Member] | ||
Disclosure of financial assets [line items] | ||
Total financial assets measured at amortised cost | 28,387,679 | |
Total financial assets measured at FVOCI | 2,574,969 | |
Total financial assets measured at FVTPL | 2,724,383 | |
Reclassification [Member] | ||
Disclosure of financial assets [line items] | ||
Total financial assets measured at amortised cost | (107,846) | |
Total financial assets measured at FVOCI | 107,846 | |
Remeasurement [Member] | ||
Disclosure of financial assets [line items] | ||
Total financial assets measured at amortised cost | (97,322) | |
Total financial assets measured at FVOCI | 361 | |
IFRS 9 [Member] | ||
Disclosure of financial assets [line items] | ||
Total financial assets measured at amortised cost | 28,182,511 | |
Total financial assets measured at FVOCI | 2,683,176 | |
Total financial assets measured at FVTPL | 2,274,383 | |
Loans And Accounts Receivable From Customers [Member] | Fair Value Through Other Comprehensive Income [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | ||
Addition: from amortised cost (net of allowance) | 107,846 | |
Remeasurement: ECL Allowance | 291 | |
Remeasurement: from cost to FV | (236) | |
Closing balance under IFRS 9 | 107,901 | |
Available For Sale Investments [Member] | Fair Value Through Other Comprehensive Income [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 2,574,546 | |
Addition: from interbank loans | ||
Closing balance under IFRS 9 | 2,574,546 | |
Investment In Associate And Other Companies Bladex [Member] | Fair Value Through Other Comprehensive Income [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 136 | |
Remeasurement: ECL Allowance | 306 | |
Closing balance under IFRS 9 | 442 | |
Investment In Associate And Other Companies Stock Exchange [Member] | Fair Value Through Other Comprehensive Income [Member] | ||
Disclosure of financial assets [line items] | ||
Addition: from interbank loans | ||
Closing balance under IFRS 9 | 287 | |
Trading Investment [Member] | Financial assets at fair value through profit or loss, category [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 485,736 | |
Closing balance under IFRS 9 | 485,736 | |
Derivatives Contracts [Member] | Financial assets at fair value through profit or loss, category [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 2,238,647 | |
Closing balance under IFRS 9 | 2,238,647 | |
Amortised Cost [Member] | Cash And Deposit In Banks [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 1,452,922 | |
Addition: from interbank loans | ||
Closing balance under IFRS 9 | 1,452,922 | |
Amortised Cost [Member] | Interbank Loans Net [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 162,213 | |
Remeasurement: ECL Allowance | (162,213) | |
Closing balance under IFRS 9 | ||
Amortised Cost [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of financial assets [line items] | ||
Opening balance under IAS 39 | 26,772,544 | |
Addition: from interbank loans | 162,213 | |
Remeasurement: ECL Allowance | (97,322) | |
Subtraction to FVOCI (net of allowance) | (107,846) | |
Closing balance under IFRS 9 | $ 26,729,589 |
ACCOUNTING CHANGES (Details 2)
ACCOUNTING CHANGES (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | $ 29,331,001 | |
Total financial assets measured at FVOCI | 68,694 | $ 107,998 |
Total | 723 | $ 1,440 |
IAS 39 [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 791,157 | |
Total financial assets measured at FVOCI | ||
Total contingents | 8,404 | |
Total provision for loan losses | 799,561 | |
IAS 39 [Member] | Other Credit Related commitments [Member] | Contingent liabilities [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | 8,404 | |
IAS 39 [Member] | Other Credit Related commitments [Member] | Loan Commitments [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | ||
IAS 39 [Member] | Amortised Cost [Member] | Interbank Loans Net [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 472 | |
IAS 39 [Member] | Amortised Cost [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 790,685 | |
IAS 39 [Member] | Available For Sale Investments [Member] | Investment Securities [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | ||
Reclassification [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | (388) | |
Total financial assets measured at FVOCI | 388 | |
Total contingents | ||
Total provision for loan losses | ||
Reclassification [Member] | Other Credit Related commitments [Member] | Contingent liabilities [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | ||
Reclassification [Member] | Other Credit Related commitments [Member] | Loan Commitments [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | ||
Reclassification [Member] | Amortised Cost [Member] | Interbank Loans Net [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | (472) | |
Reclassification [Member] | Amortised Cost [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 84 | |
Reclassification [Member] | Available For Sale Investments [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 388 | |
Remeasurement [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 97,322 | |
Total financial assets measured at FVOCI | (291) | |
Total contingents | 15,357 | |
Total provision for loan losses | 112,388 | |
Remeasurement [Member] | Other Credit Related commitments [Member] | Contingent liabilities [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | (3,767) | |
Remeasurement [Member] | Other Credit Related commitments [Member] | Loan Commitments [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | 19,124 | |
Remeasurement [Member] | Amortised Cost [Member] | Interbank Loans Net [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | ||
Remeasurement [Member] | Amortised Cost [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 97,322 | |
Remeasurement [Member] | Available For Sale Investments [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | (291) | |
IFRS 9 [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 888,091 | |
Total financial assets measured at FVOCI | 97 | |
Total contingents | 23,761 | |
Total provision for loan losses | 911,949 | |
IFRS 9 [Member] | Other Credit Related commitments [Member] | Contingent liabilities [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | 4,637 | |
IFRS 9 [Member] | Other Credit Related commitments [Member] | Loan Commitments [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total contingents | 19,124 | |
IFRS 9 [Member] | Amortised Cost [Member] | Interbank Loans Net [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | ||
IFRS 9 [Member] | Amortised Cost [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | 888,091 | |
IFRS 9 [Member] | Available For Sale Investments [Member] | Loans And Accounts Receivable From Customers [Member] | ||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | ||
Total loans and account receivable | $ 97 |
SIGNIFICANT EVENTS (Details)
SIGNIFICANT EVENTS (Details) € in Millions, ¥ in Millions, SFr in Millions, $ in Millions, $ in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018AUD ($) | Dec. 31, 2017CLP ($) | |
Disclosure of financial liabilities [line items] | |||||||
Notional amount | $ 241,467,084 | $ 177,224,139 | |||||
Bonds [Member] | AUD | |||||||
Disclosure of financial liabilities [line items] | |||||||
Notional amount | $ 20,000,000 | ||||||
Bonds [Member] | AUD | AUD [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | AUD | AUD | AUD | AUD | AUD | AUD | |
Notional amount | $ 20,000,000 | ||||||
Term (annual) | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | |
Issuance rate (annual) | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | |
Issue date | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | |
Maturity date | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | |
Bonds [Member] | CHF | |||||||
Disclosure of financial liabilities [line items] | |||||||
Notional amount | SFr | SFr 115,000,000 | ||||||
Bonds [Member] | CHF | CHF [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | CHF | CHF | CHF | CHF | CHF | CHF | |
Notional amount | SFr | SFr 115,000,000 | ||||||
Term (annual) | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | |
Issuance rate (annual) | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | |
Issue date | Sep. 4, 2018 | Sep. 4, 2018 | Sep. 4, 2018 | Sep. 4, 2018 | Sep. 4, 2018 | Sep. 4, 2018 | |
Maturity date | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | |
Bonds [Member] | EUR | |||||||
Disclosure of financial liabilities [line items] | |||||||
Notional amount | € | € 66,000,000 | ||||||
Bonds [Member] | EUR | EUR [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
Notional amount | € | € 26,000,000 | ||||||
Term (annual) | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | |
Issuance rate (annual) | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | |
Issue date | May 4, 2018 | May 4, 2018 | May 4, 2018 | May 4, 2018 | May 4, 2018 | May 4, 2018 | |
Maturity date | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | |
Bonds [Member] | EUR | EUR 1 [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
Notional amount | € | € 40,000,000 | ||||||
Term (annual) | P12Y | P12Y | P12Y | P12Y | P12Y | P12Y | |
Issuance rate (annual) | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | |
Issue date | Jun. 8, 2018 | Jun. 8, 2018 | Jun. 8, 2018 | Jun. 8, 2018 | Jun. 8, 2018 | Jun. 8, 2018 | |
Maturity date | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | |
Bonds [Member] | JPY [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Notional amount | ¥ | ¥ 7,000,000,000 | ||||||
Bonds [Member] | JPY [Member] | JPY [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
Notional amount | ¥ | ¥ 4,000,000,000 | ||||||
Term (annual) | P10Y6M | P10Y6M | P10Y6M | P10Y6M | P10Y6M | P10Y6M | |
Issuance rate (annual) | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | |
Issue date | Jul. 5, 2018 | Jul. 5, 2018 | Jul. 5, 2018 | Jul. 5, 2018 | Jul. 5, 2018 | Jul. 5, 2018 | |
Maturity date | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | |
Bonds [Member] | JPY [Member] | JPY 1 [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
Notional amount | ¥ | ¥ 3,000,000,000 | ||||||
Term (annual) | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | |
Issuance rate (annual) | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% | |
Issue date | Oct. 23, 2018 | Oct. 23, 2018 | Oct. 23, 2018 | Oct. 23, 2018 | Oct. 23, 2018 | Oct. 23, 2018 | |
Maturity date | Oct. 23, 2023 | Oct. 23, 2023 | Oct. 23, 2023 | Oct. 23, 2023 | Oct. 23, 2023 | Oct. 23, 2023 | |
Bonds [Member] | USD [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Notional amount | $ 70,000,000 | ||||||
Bonds [Member] | USD [Member] | USD [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | USD | USD | USD | USD | USD | USD | |
Notional amount | $ 50,000,000 | ||||||
Term (annual) | P10Y | P10Y | P10Y | P10Y | P10Y | P10Y | |
Issuance rate (annual) | 3.69% | 3.69% | 3.69% | 3.69% | 3.69% | 3.69% | |
Issue date | Oct. 2, 2018 | Oct. 2, 2018 | Oct. 2, 2018 | Oct. 2, 2018 | Oct. 2, 2018 | Oct. 2, 2018 | |
Maturity date | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | |
Bonds [Member] | USD [Member] | USD 1 [Member] | |||||||
Disclosure of financial liabilities [line items] | |||||||
Currency | USD | USD | USD | USD | USD | USD | |
Notional amount | $ 20,000,000 | ||||||
Term (annual) | P2Y | P2Y | P2Y | P2Y | P2Y | P2Y | |
Issuance rate (annual) | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% | |
Issue date | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | Nov. 5, 2018 | |
Maturity date | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 |
SIGNIFICANT EVENTS (Details 1)
SIGNIFICANT EVENTS (Details 1) - 12 months ended Dec. 31, 2018 - Bonds [Member] $ in Millions, $ in Millions, in Millions | CLP ($) | USD ($) | CLF ( ) |
Senior Bond 1 [Member] | Chile, Pesos | |||
Disclosure of financial liabilities [line items] | |||
Date | Jan. 4, 2018 | ||
Amount | $ | $ 12,890,000,000 | ||
Senior Bond 2 [Member] | Chile, Pesos | |||
Disclosure of financial liabilities [line items] | |||
Amount | $ | $ 4,600,000,000 | ||
Senior Bond 3 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Jan. 22, 2018 | ||
Amount | 24,000 | ||
Senior Bond 4 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Apr. 5, 2018 | ||
Amount | 484,000 | ||
Senior Bond 5 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Apr. 6, 2018 | ||
Amount | 184,000 | ||
Senior Bond 6 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Apr. 23, 2018 | ||
Amount | 216,000 | ||
Senior Bond 7 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Apr. 24, 2018 | ||
Amount | 4,000 | ||
Senior Bond 8 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Apr. 25, 2018 | ||
Amount | 262,000 | ||
Senior Bond 9 [Member] | Unidad De Fomento (funds code) [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | May 10, 2018 | ||
Amount | 800,000 | ||
Senior Bond 10 [Member] | USD [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Jun. 7, 2018 | ||
Amount | $ | $ 3,090,000 | ||
Senior Bond 11 [Member] | USD [Member] | |||
Disclosure of financial liabilities [line items] | |||
Date | Dec. 11, 2018 | ||
Amount | $ | $ 250,000,000 |
SIGNIFICANT EVENTS (Details Nar
SIGNIFICANT EVENTS (Details Narrative) - CLP ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Significant Events | |||
Net income attributable to equity holders of the Bank | $ 595,333 | $ 562,801 | $ 476,067 |
Dividend per share (in pesos per share) | $ 2.248 | $ 1.755 |
REPORTING SEGMENTS (Details)
REPORTING SEGMENTS (Details) - CLP ($) $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | $ 26,772,544 | ||||||
Net interest income | 1,414,368 | 1,326,691 | $ 1,281,366 | ||||
Net fee and commission income | 484,463 | 455,558 | 431,184 | ||||
Expected credit losses | 317,408 | 302,255 | 342,083 | ||||
Other operating income | 23,129 | 62,016 | 6,427 | ||||
Income from investments in associates and other companies | 5,095 | 3,963 | 3,012 | ||||
Income tax expense | 167,144 | 145,031 | 109,031 | ||||
Net income for the year | 599,693 | 575,249 | 478,432 | ||||
Retail Banking [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 20,786,637 | [1] | 19,233,169 | [2] | 18,604,936 | [2] | |
Net interest income | 949,764 | 970,332 | 931,105 | ||||
Net fee and commission income | 220,532 | 206,449 | 196,845 | ||||
Financial transactions, net | [3] | 19,694 | 20,595 | 21,141 | |||
Expected credit losses | (287,739) | (293,956) | (323,888) | ||||
Support expenses | [4] | (553,157) | (534,970) | (529,909) | |||
Segment`s net contribution | 349,094 | 368,450 | 295,294 | ||||
Middle Market [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 7,690,380 | [1] | 6,775,734 | [2] | 6,396,376 | [2] | |
Net interest income | 272,912 | 264,663 | 244,960 | ||||
Net fee and commission income | 36,746 | 36,280 | 30,851 | ||||
Financial transactions, net | [3] | 16,848 | 13,751 | 19,577 | |||
Expected credit losses | (26,314) | (19,235) | (26,748) | ||||
Support expenses | [4] | (92,377) | (91,882) | (83,412) | |||
Segment`s net contribution | 207,815 | 203,577 | 185,228 | ||||
Commercial Banking [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 28,477,017 | [1] | 26,008,903 | [2] | 25,001,312 | [2] | |
Net interest income | 1,222,676 | 1,234,995 | 1,176,065 | ||||
Net fee and commission income | 257,278 | 242,729 | 227,696 | ||||
Financial transactions, net | [3] | 36,542 | 34,346 | 40,718 | |||
Expected credit losses | (314,053) | (313,191) | (350,636) | ||||
Support expenses | [4] | (645,534) | (626,852) | (613,321) | |||
Segment`s net contribution | 556,909 | 572,027 | 480,522 | ||||
Global Corporate Banking [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 1,613,088 | [1] | 1,633,796 | [2] | 2,121,513 | [2] | |
Net interest income | 96,722 | 100,808 | 95,105 | ||||
Net fee and commission income | 35,064 | 27,626 | 25,077 | ||||
Financial transactions, net | [3] | 57,340 | 50,714 | 55,927 | |||
Expected credit losses | 2,339 | 6,440 | 7,579 | ||||
Support expenses | [4] | (64,913) | (62,685) | (53,935) | |||
Segment`s net contribution | 126,552 | 122,903 | 129,753 | ||||
Other [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 123,309 | [1] | 83,215 | [2] | 83,606 | [2] | |
Net interest income | 94,970 | (9,112) | 10,196 | ||||
Net fee and commission income | (1,457) | 8,708 | 1,651 | ||||
Financial transactions, net | [3] | 11,200 | 44,692 | 43,713 | |||
Expected credit losses | (5,694) | 4,496 | 974 | ||||
Support expenses | [4] | (11,486) | (15,356) | (19,649) | |||
Segment`s net contribution | 87,533 | 33,428 | 36,885 | ||||
Total [Member] | |||||||
Disclosure of operating segments [line items] | |||||||
Loans and accounts receivable at amortised cost | 30,213,414 | [1] | 27,725,914 | [2] | 27,206,431 | [2] | |
Net interest income | 1,414,368 | 1,326,691 | 1,281,366 | ||||
Net fee and commission income | 290,885 | 279,063 | 254,424 | ||||
Financial transactions, net | [3] | 105,082 | 129,752 | 140,358 | |||
Expected credit losses | (317,408) | (302,255) | (342,083) | ||||
Support expenses | [4] | (721,933) | (704,893) | (686,905) | |||
Segment`s net contribution | 770,994 | 728,358 | 647,160 | ||||
Other operating income | 23,129 | 62,016 | 6,427 | ||||
Other operating expenses and impairment | (32,381) | (74,057) | (69,136) | ||||
Income from investments in associates and other companies | 5,095 | 3,963 | 3,012 | ||||
Income tax expense | (167,144) | (145,031) | (109,031) | ||||
Net income for the year | $ 599,693 | $ 575,249 | $ 478,432 | ||||
[1] | Corresponds to loans and accounts receivable at amortised cost under IFRS 9, without deducting their allowances for loan losses. | ||||||
[2] | Corresponds to loans and accounts receivable from customers, without deducting their allowances for loan losses. | ||||||
[3] | Corresponds to the sum of the net income from financial operations and the foreign exchange profit or loss. | ||||||
[4] | Corresponds to the sum of personnel salaries and expenses, administrative expenses, depreciation and amortization. |
CASH AND CASH EQUIVALENTS (Deta
CASH AND CASH EQUIVALENTS (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and deposits in banks | ||||
Cash | $ 824,863 | $ 613,361 | ||
Deposits at the Central Bank of Chile | 953,016 | 441,683 | ||
Deposits in local banks | 664 | 393 | ||
Deposits in banks abroad | 286,898 | 397,485 | ||
Subtotals - Cash and deposits in banks | 2,065,441 | 1,452,922 | ||
Net cash items in process of collection | 190,714 | 181,419 | ||
Cash and cash equivalents | $ 2,256,155 | $ 1,634,341 | $ 2,486,199 | $ 2,327,170 |
CASH AND CASH EQUIVALENTS (De_2
CASH AND CASH EQUIVALENTS (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Documents held by other banks (documents to be cleared) | $ 210,546 | $ 199,619 |
Funds receivable | 143,211 | 468,526 |
Subtotal | 353,757 | 668,145 |
Liabilities | ||
Funds payable | 163,043 | 486,726 |
Subtotal | 163,043 | 486,726 |
Cash in process of collection, net | $ 190,714 | $ 181,419 |
FINANCIAL ASSETS HELD FOR TRA_3
FINANCIAL ASSETS HELD FOR TRADING / TRADING INVESTMENTS (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | ||
Total | $ 77,041 | $ 485,736 |
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 71,158 | 481,642 |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 22,947 | 272,272 |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,211 | 209,370 |
Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Other Chilean Securities [Member] | Time Deposits In Chilean Financial Institutions [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Other Chilean Securities [Member] | Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Other Chilean Securities [Member] | Chilean Financial Institution Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Other Chilean Securities [Member] | Chilean Corporate Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Other Chilean Securities [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Foreign Financial Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 5,883 | |
Foreign Financial Securities [Member] | Foreign Central Banks And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Foreign Financial Securities [Member] | Other Foreign Financial Instruments [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 5,883 | |
Investments In Mutual Funds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 4,094 | |
Investments In Mutual Funds [Member] | Funds Managed By Related Entities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 4,094 | |
Investments In Mutual Funds [Member] | Funds Managed By Others [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total |
INVESTMENTS UNDER RESALE AGRE_3
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS (Details) - CLP ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total |
INVESTMENTS UNDER RESALE AGRE_4
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | ||
Total | $ 48,545 | $ 268,061 |
Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 128 | 1,156 |
Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,545 | 268,023 |
From 1 Day And Less Than 3 Months [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 128 | 1,118 |
From 1 Day And Less Than 3 Months [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 38 | |
More Than 3 Months To 1 Year [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 38 | |
More Than 3 Months To 1 Year [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
More Than 1 Year [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
More Than 1 Year [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Time Deposits In Chilean Financial Institutions [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 128 | 1,156 |
Time Deposits In Chilean Financial Institutions [Member] | From 1 Day And Less Than 3 Months [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 128 | 1,118 |
Time Deposits In Chilean Financial Institutions [Member] | More Than 3 Months To 1 Year [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 38 | |
Time Deposits In Chilean Financial Institutions [Member] | More Than 1 Year [Member] | Other Domestic Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Securities From Government Or Foreign Central Banks [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Securities From Government Or Foreign Central Banks [Member] | From 1 Day And Less Than 3 Months [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Securities From Government Or Foreign Central Banks [Member] | More Than 3 Months To 1 Year [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Securities From Government Or Foreign Central Banks [Member] | More Than 1 Year [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,417 | 241,995 |
Chilean Central Bank And Government Securities [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,417 | 241,995 |
Chilean Central Bank And Government Securities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,307 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 48,307 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 110 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | From 1 Day And Less Than 3 Months [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 110 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total |
INVESTMENTS UNDER RESALE AGRE_5
INVESTMENTS UNDER RESALE AGREEMENTS AND OBLIGATIONS UNDER REPURCHASE AGREEMENTS (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value measurement of assets [line items] | ||
Total | $ 49,281 | $ 268,061 |
Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 132 | 1,156 |
Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Available For Sale Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 49,281 | 268,061 |
Available For Sale Portfolio [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 132 | 1,156 |
Available For Sale Portfolio [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Trading Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Trading Portfolio [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Trading Portfolio [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Time Deposits In Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 132 | 1,156 |
Time Deposits In Chilean Financial Institutions [Member] | Available For Sale Portfolio [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 132 | 1,156 |
Time Deposits In Chilean Financial Institutions [Member] | Trading Portfolio [Member] | Other Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Securities From Government Or Foreign Central Banks [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Securities From Government Or Foreign Central Banks [Member] | Available For Sale Portfolio [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 24,910 | |
Securities From Government Or Foreign Central Banks [Member] | Trading Portfolio [Member] | Other Foreign Chilean Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 49,149 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Available For Sale Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 49,149 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Trading Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 49,040 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | Available For Sale Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 49,040 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | Trading Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | Available For Sale Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | Trading Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | ||
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 109 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | Available For Sale Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total | 109 | 241,995 |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | Trading Portfolio [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Total |
DERIVATIVE FINANCIAL INSTRUME_3
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedges [line items] | ||
Notional amount | $ 241,467,084 | $ 177,224,139 |
Fair value Assets | 3,100,635 | 2,238,647 |
Fair value Liabilities | 2,517,728 | 2,139,488 |
Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 31,755,941 | 31,615,917 |
More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 48,016,614 | 35,372,847 |
More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 161,694,529 | 110,235,375 |
Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 9,745,718 | 7,795,629 |
Fair value Assets | 111,146 | 38,088 |
Fair value Liabilities | 45,896 | 67,148 |
Fair Value Hedges [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 80,000 | |
Fair Value Hedges [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,768,509 | 878,686 |
Fair Value Hedges [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 7,897,209 | 6,916,943 |
Fair Value Hedges [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,762,612 | 1,717,156 |
Fair value Assets | 14,789 | 23,003 |
Fair value Liabilities | 9,188 | 1,424 |
Fair Value Hedges [Member] | Interest Rate Swap Contract [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 80,000 | |
Fair Value Hedges [Member] | Interest Rate Swap Contract [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 491,600 | 162,985 |
Fair Value Hedges [Member] | Interest Rate Swap Contract [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,191,012 | 1,554,171 |
Fair Value Hedges [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 7,983,105 | 6,078,473 |
Fair value Assets | 96,357 | 15,085 |
Fair value Liabilities | 36,708 | 65,724 |
Fair Value Hedges [Member] | Cross Currency Swaps [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Cross Currency Swaps [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,276,909 | 715,701 |
Fair Value Hedges [Member] | Cross Currency Swaps [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 67,061,971 | 5,362,772 |
Cash Flow Hedge [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 13,456,422 | 9,751,673 |
Fair value Assets | 79,859 | 75,636 |
Fair value Liabilities | 40,725 | 128,414 |
Cash Flow Hedge [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,126,650 | 1,222,521 |
Cash Flow Hedge [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,138,563 | 1,856,586 |
Cash Flow Hedge [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 9,191,209 | 6,672,566 |
Cash Flow Hedge [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 13,082,521 | 8,731,598 |
Fair value Assets | 79,859 | 36,403 |
Fair value Liabilities | 32,712 | 128,355 |
Cash Flow Hedge [Member] | Cross Currency Swaps [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,920,900 | 421,428 |
Cash Flow Hedge [Member] | Cross Currency Swaps [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,970,412 | 1,637,604 |
Cash Flow Hedge [Member] | Cross Currency Swaps [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 9,191,209 | 6,672,566 |
Cash Flow Hedge [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 373,901 | 1,020,075 |
Fair value Assets | 39,233 | |
Fair value Liabilities | 8,013 | 59 |
Cash Flow Hedge [Member] | Currency Forwards [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 205,750 | 801,093 |
Cash Flow Hedge [Member] | Currency Forwards [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 168,151 | 218,982 |
Cash Flow Hedge [Member] | Currency Forwards [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 218,264,944 | 159,676,837 |
Fair value Assets | 2,909,630 | 2,124,923 |
Fair value Liabilities | 2,431,107 | 1,943,926 |
Trading Derivatives [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 29,549,291 | 30,393,396 |
Trading Derivatives [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 44,109,542 | 32,637,575 |
Trading Derivatives [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 144,606,111 | 96,645,866 |
Trading Derivatives [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 103,542,394 | 69,802,132 |
Fair value Assets | 723,870 | 467,188 |
Fair value Liabilities | 577,835 | 392,366 |
Trading Derivatives [Member] | Interest Rate Swap Contract [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 12,024,095 | 9,069,964 |
Trading Derivatives [Member] | Interest Rate Swap Contract [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 22,064,681 | 14,389,389 |
Trading Derivatives [Member] | Interest Rate Swap Contract [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 69,453,618 | 46,342,779 |
Trading Derivatives [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 80,002,756 | 57,578,156 |
Fair value Assets | 1,568,365 | 1,241,632 |
Fair value Liabilities | 1,385,314 | 1,042,120 |
Trading Derivatives [Member] | Cross Currency Swaps [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,173,111 | 2,963,641 |
Trading Derivatives [Member] | Cross Currency Swaps [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 8,853,306 | 7,503,144 |
Trading Derivatives [Member] | Cross Currency Swaps [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 68,976,339 | 47,111,371 |
Trading Derivatives [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 34,445,001 | 31,747,403 |
Fair value Assets | 613,063 | 412,994 |
Fair value Liabilities | 466,741 | 502,555 |
Trading Derivatives [Member] | Currency Forwards [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 15,301,943 | 17,976,683 |
Trading Derivatives [Member] | Currency Forwards [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 13,080,875 | 10,679,327 |
Trading Derivatives [Member] | Currency Forwards [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 6,062,183 | 3,091,393 |
Trading Derivatives [Member] | Call currency options [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 144,545 | 277,338 |
Fair value Assets | 4,332 | 1,322 |
Fair value Liabilities | 854 | 1,950 |
Trading Derivatives [Member] | Call currency options [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 26,731 | 190,386 |
Trading Derivatives [Member] | Call currency options [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 60,235 | 37,099 |
Trading Derivatives [Member] | Call currency options [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 57,579 | 49,853 |
Trading Derivatives [Member] | Call interest rate options [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair value Assets | ||
Fair value Liabilities | ||
Trading Derivatives [Member] | Call interest rate options [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | Call interest rate options [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | Call interest rate options [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | Put currency options [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 130,248 | 271,808 |
Fair value Assets | 1,787 | |
Fair value Liabilities | 363 | 4,935 |
Trading Derivatives [Member] | Put currency options [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 23,411 | 192,722 |
Trading Derivatives [Member] | Put currency options [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 50,445 | 28,616 |
Trading Derivatives [Member] | Put currency options [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 56,392 | 50,470 |
Trading Derivatives [Member] | Other derivatives [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair value Assets | ||
Fair value Liabilities | ||
Trading Derivatives [Member] | Other derivatives [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | Other derivatives [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Trading Derivatives [Member] | Other derivatives [Member] | More Than 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount |
DERIVATIVE FINANCIAL INSTRUME_4
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedges [line items] | ||
Notional amount | $ 241,467,084 | $ 177,224,139 |
Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 9,745,718 | 7,795,629 |
Fair Value Hedges [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 7,983,105 | 6,078,473 |
Fair Value Hedges [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,762,612 | 1,717,156 |
Fair Value Hedges [Member] | Available For Sale Investments [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 70,938 | |
Fair Value Hedges [Member] | Available For Sale Investments [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 4,738 | |
Fair Value Hedges [Member] | Available For Sale Investments [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 129,539 | |
Fair Value Hedges [Member] | Available For Sale Investments [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 790,286 | |
Fair Value Hedges [Member] | Available For Sale Investments [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 784,104 | |
Fair Value Hedges [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 486,013 | 137,985 |
Fair Value Hedges [Member] | Issued debt instruments [Member] | Senior Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 5,128,162 | 4,382,487 |
Fair Value Hedges [Member] | Debt Instrument At FVOCI [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 172,072 | |
Fair Value Hedges [Member] | Debt Instrument At FVOCI [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,779 | |
Fair Value Hedges [Member] | Debt Instrument At FVOCI [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 174,440 | |
Fair Value Hedges [Member] | Debt Instrument At FVOCI [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 449,730 | |
Fair Value Hedges [Member] | Loans and accounts receivables from customers [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,495,552 | |
Fair Value Hedges [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,806,662 | |
Fair Value Hedges [Member] | Debt Instruments At FVOCI [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 524,859 | |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,684,096 | 878,686 |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,112,496 | 715,701 |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 571,600 | 162,985 |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 128,289 | |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 321,600 | 137,985 |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Issued debt instruments [Member] | Senior Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 708,624 | 25,000 |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Debt Instrument At FVOCI [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Debt Instrument At FVOCI [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Debt Instrument At FVOCI [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Debt Instrument At FVOCI [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Loans and accounts receivables from customers [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 587,412 | |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 653,872 | |
Fair Value Hedges [Member] | Due Within 1 Year [Member] | Debt Instruments At FVOCI [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,144,709 | 2,440,933 |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,794,709 | 1,512,238 |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 350,000 | 928,695 |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 218,640 | |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 21,377 | |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Issued debt instruments [Member] | Senior Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,117,779 | 1,399,686 |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Debt Instrument At FVOCI [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Debt Instrument At FVOCI [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Debt Instrument At FVOCI [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Debt Instrument At FVOCI [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 449,730 | |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Loans and accounts receivables from customers [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 801,230 | |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,272,382 | |
Fair Value Hedges [Member] | Between 1 and 3 years [Member] | Debt Instruments At FVOCI [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 304,818 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,578,839 | 1,994,389 |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,228,839 | 1,813,221 |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 350,000 | 181,168 |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 6,169 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 4,738 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 443,357 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 762,727 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Issued debt instruments [Member] | Senior Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,298,470 | 670,488 |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Debt Instrument At FVOCI [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Debt Instrument At FVOCI [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,779 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Debt Instrument At FVOCI [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Debt Instrument At FVOCI [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Loans and accounts receivables from customers [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 106,910 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 276,590 | |
Fair Value Hedges [Member] | Between 3 and 6 years [Member] | Debt Instruments At FVOCI [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,338,073 | 2,481,621 |
Fair Value Hedges [Member] | Over 6 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,847,061 | 2,037,313 |
Fair Value Hedges [Member] | Over 6 years [Member] | Interest Rate Swap Contract [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 491,012 | 444,308 |
Fair Value Hedges [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 64,769 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 129,539 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 164,413 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Issued debt instruments [Member] | Senior Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,003,289 | 2,287,313 |
Fair Value Hedges [Member] | Over 6 years [Member] | Debt Instrument At FVOCI [Member] | Yankee bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 172,072 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Debt Instrument At FVOCI [Member] | Mortgage financing bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Debt Instrument At FVOCI [Member] | Treasury bonds (BTP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 174,440 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Debt Instrument At FVOCI [Member] | Central bank bonds (BCP) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Loans and accounts receivables from customers [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Fair Value Hedges [Member] | Over 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 603,818 | |
Fair Value Hedges [Member] | Over 6 years [Member] | Debt Instruments At FVOCI [Member] | Chiliean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | $ 220,041 |
DERIVATIVE FINANCIAL INSTRUME_5
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about hedges [line items] | ||
Notional amount | $ 241,467,084 | $ 177,224,139 |
Cash Flow Hedge [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 13,456,422 | 9,751,673 |
Cash Flow Hedge [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 373,901 | 1,020,075 |
Cash Flow Hedge [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 13,082,521 | 8,731,598 |
Cash Flow Hedge [Member] | Loans and accounts receivables from customers [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 5,425,421 | |
Cash Flow Hedge [Member] | Loans and accounts receivables from customers [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 644,608 | |
Cash Flow Hedge [Member] | Available For Sale Investments [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 157,862 | |
Cash Flow Hedge [Member] | Available For Sale Investments [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 242,819 | |
Cash Flow Hedge [Member] | Available For Sale Investments [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Issued debt instruments [Member] | Senior bonds (variable rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 666,823 | 1,070,524 |
Cash Flow Hedge [Member] | Issued debt instruments [Member] | Senior bonds (fixed rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,614,628 | 888,077 |
Cash Flow Hedge [Member] | Interbank borrowings [Member] | Interbank Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,764,348 | 1,322,362 |
Cash Flow Hedge [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 8,843,999 | |
Cash Flow Hedge [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 109,585 | |
Cash Flow Hedge [Member] | Debt Instruments At FVOCI [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Debt Instruments At FVOCI [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 246,306 | |
Cash Flow Hedge [Member] | Debt Instruments At FVOCI [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 166,628 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 4,151,331 | 3,079,107 |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 260,020 | 1,020,075 |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,891,311 | 2,059,032 |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Loans and accounts receivables from customers [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,153,348 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Loans and accounts receivables from customers [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 644,608 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Available For Sale Investments [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Issued debt instruments [Member] | Senior bonds (variable rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 120,520 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Issued debt instruments [Member] | Senior bonds (fixed rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 456,478 | 241,183 |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Interbank borrowings [Member] | Interbank Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,764,348 | 919,448 |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,890,696 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 39,809 | |
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Debt Instruments At FVOCI [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Debt Instruments At FVOCI [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Due Within 1 Year [Member] | Debt Instruments At FVOCI [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,967,017 | 1,755,144 |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 113,881 | |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,853,136 | 1,755,144 |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Loans and accounts receivables from customers [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 583,061 | |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Loans and accounts receivables from customers [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Available For Sale Investments [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Issued debt instruments [Member] | Senior bonds (variable rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 666,823 | 647,550 |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Issued debt instruments [Member] | Senior bonds (fixed rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 203,594 | 121,619 |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Interbank borrowings [Member] | Interbank Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 402,914 | |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 3,026,824 | |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 69,776 | |
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Debt Instruments At FVOCI [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Debt Instruments At FVOCI [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 1 and 3 years [Member] | Debt Instruments At FVOCI [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,323,158 | 2,130,105 |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,323,158 | 2,130,105 |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Loans and accounts receivables from customers [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,335,141 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Loans and accounts receivables from customers [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 25,290 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 242,819 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Available For Sale Investments [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Issued debt instruments [Member] | Senior bonds (variable rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 302,454 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Issued debt instruments [Member] | Senior bonds (fixed rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 450,835 | 224,401 |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Interbank borrowings [Member] | Interbank Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 1,459,389 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Debt Instruments At FVOCI [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Debt Instruments At FVOCI [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 246,306 | |
Cash Flow Hedge [Member] | Between 3 and 6 years [Member] | Debt Instruments At FVOCI [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 166,628 | |
Cash Flow Hedge [Member] | Over 6 years [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,970,811 | 2,787,317 |
Cash Flow Hedge [Member] | Over 6 years [Member] | Currency Forwards [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Cross Currency Swaps [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,970,811 | 2,787,317 |
Cash Flow Hedge [Member] | Over 6 years [Member] | Loans and accounts receivables from customers [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,353,871 | |
Cash Flow Hedge [Member] | Over 6 years [Member] | Loans and accounts receivables from customers [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 132,572 | |
Cash Flow Hedge [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Available For Sale Investments [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Time deposits and other time liabilities [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Issued debt instruments [Member] | Senior bonds (variable rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Issued debt instruments [Member] | Senior bonds (fixed rate) [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 503,721 | 300,874 |
Cash Flow Hedge [Member] | Over 6 years [Member] | Interbank borrowings [Member] | Interbank Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Mortgage Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | 2,467,090 | |
Cash Flow Hedge [Member] | Over 6 years [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | Commercial Loans [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Debt Instruments At FVOCI [Member] | Yankee bond [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Debt Instruments At FVOCI [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount | ||
Cash Flow Hedge [Member] | Over 6 years [Member] | Debt Instruments At FVOCI [Member] | Time deposits [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Notional amount |
DERIVATIVE FINANCIAL INSTRUME_6
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 3) - Cash Flow Hedge [Member] - Interest rate risk [member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Hedging Instruments Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | $ 190,131 | $ 112,875 | |
Hedging Instruments Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | [1] | (118,193) | (385,626) |
Hedging Instruments Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 71,938 | (272,751) | |
Hedged Items Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 118,193 | 385,626 | |
Hedged Items Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (190,131) | (112,875) | |
Hedged Items Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (71,938) | 272,751 | |
Due Within 1 Year [Member] | Hedging Instruments Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 125,747 | 60,733 | |
Due Within 1 Year [Member] | Hedging Instruments Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | [1] | (76,736) | (308,737) |
Due Within 1 Year [Member] | Hedging Instruments Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 49,011 | (248,004) | |
Due Within 1 Year [Member] | Hedged Items Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 76,736 | 308,737 | |
Due Within 1 Year [Member] | Hedged Items Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (125,747) | (60,733) | |
Due Within 1 Year [Member] | Hedged Items Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (49,011) | 248,004 | |
Between 1 and 3 years [Member] | Hedging Instruments Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 46,372 | 43,507 | |
Between 1 and 3 years [Member] | Hedging Instruments Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | [1] | (35,994) | (60,515) |
Between 1 and 3 years [Member] | Hedging Instruments Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 10,378 | (17,008) | |
Between 1 and 3 years [Member] | Hedged Items Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 35,994 | 60,515 | |
Between 1 and 3 years [Member] | Hedged Items Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (46,372) | (43,507) | |
Between 1 and 3 years [Member] | Hedged Items Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (10,378) | 17,008 | |
Between 3 and 6 years [Member] | Hedging Instruments Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 13,311 | 7,757 | |
Between 3 and 6 years [Member] | Hedging Instruments Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | [1] | (3,062) | (13,780) |
Between 3 and 6 years [Member] | Hedging Instruments Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 10,249 | (6,023) | |
Between 3 and 6 years [Member] | Hedged Items Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 3,062 | 13,780 | |
Between 3 and 6 years [Member] | Hedged Items Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (13,311) | (7,757) | |
Between 3 and 6 years [Member] | Hedged Items Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (10,249) | 6,023 | |
Over 6 years [Member] | Hedging Instruments Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 4,701 | 878 | |
Over 6 years [Member] | Hedging Instruments Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | [1] | (2,401) | (2,594) |
Over 6 years [Member] | Hedging Instruments Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 2,300 | (1,716) | |
Over 6 years [Member] | Hedged Items Inflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | 2,401 | 2,594 | |
Over 6 years [Member] | Hedged Items Outflows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | (4,701) | (878) | |
Over 6 years [Member] | Hedged Items Net flows [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Forecasted cash flows | $ (2,300) | $ 1,716 | |
[1] | Only includes cash flow forecast portion of the hedge instruments used to cover interest rate risk. |
DERIVATIVE FINANCIAL INSTRUME_7
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 4) - Cash Flow Hedge [Member] - Inflation rate risk [member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Hedging Instruments Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | $ 14,036 | $ 1,645 |
Hedging Instruments Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (587,471) | (439,323) |
Hedging Instruments Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (573,435) | (437,678) |
Hedged Items Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 587,471 | 439,323 |
Hedged Items Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (14,036) | (1,645) |
Hedged Items Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 573,435 | 437,678 |
Due Within 1 Year [Member] | Hedging Instruments Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 14,036 | 1,645 |
Due Within 1 Year [Member] | Hedging Instruments Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (37,086) | (20,300) |
Due Within 1 Year [Member] | Hedging Instruments Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (23,050) | (18,655) |
Due Within 1 Year [Member] | Hedged Items Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 37,086 | 20,300 |
Due Within 1 Year [Member] | Hedged Items Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (14,036) | (1,645) |
Due Within 1 Year [Member] | Hedged Items Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 23,050 | 18,655 |
Between 1 and 3 years [Member] | Hedging Instruments Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Between 1 and 3 years [Member] | Hedging Instruments Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (73,576) | (29,008) |
Between 1 and 3 years [Member] | Hedging Instruments Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (73,576) | (29,008) |
Between 1 and 3 years [Member] | Hedged Items Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 73,576 | 29,008 |
Between 1 and 3 years [Member] | Hedged Items Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Between 1 and 3 years [Member] | Hedged Items Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 73,576 | 29,008 |
Between 3 and 6 years [Member] | Hedging Instruments Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Between 3 and 6 years [Member] | Hedging Instruments Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (166,516) | (103,544) |
Between 3 and 6 years [Member] | Hedging Instruments Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (166,516) | (103,544) |
Between 3 and 6 years [Member] | Hedged Items Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 166,516 | 103,544 |
Between 3 and 6 years [Member] | Hedged Items Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Between 3 and 6 years [Member] | Hedged Items Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 166,516 | 103,544 |
Over 6 years [Member] | Hedging Instruments Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Over 6 years [Member] | Hedging Instruments Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (310,293) | (286,471) |
Over 6 years [Member] | Hedging Instruments Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | (310,293) | (286,471) |
Over 6 years [Member] | Hedged Items Inflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | 310,293 | 286,471 |
Over 6 years [Member] | Hedged Items Outflows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | ||
Over 6 years [Member] | Hedged Items Net flows [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Forecasted cash flows | $ 310,293 | $ 286,471 |
DERIVATIVE FINANCIAL INSTRUME_8
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 5) - Cash Flow Hedge [Member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about hedges [line items] | ||
Net flows | $ 9,803 | $ (3,562) |
Interbank borrowings [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | 309 | (4,779) |
Time deposits and other time liabilities [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | ||
Issued debt instruments [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | (10,893) | (8,683) |
Available For Sale Investments [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | (364) | |
Loans and accounts receivables from customers [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | 10,264 | |
Loans And Accounts Receivable At Amortised Cost [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | 21,779 | |
Debt Instruments At FVOCI [Member] | ||
Disclosure of detailed information about hedges [line items] | ||
Net flows | $ (1,392) |
DERIVATIVE FINANCIAL INSTRUME_9
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details 6) - Cash Flow Hedge [Member] - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about hedges [line items] | |||
Cash flow hedge net gains (losses) | $ (683) | $ (77) | |
Interbank Loans [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Cash flow hedge net gains (losses) | (683) | ||
Bond Hedging derivatives [Member] | |||
Disclosure of detailed information about hedges [line items] | |||
Cash flow hedge net gains (losses) | $ (77) |
DERIVATIVE FINANCIAL INSTRUM_10
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING (Details Narrative) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Derivative Financial Instruments And Hedge Accounting | ||
Bank recorded inefficiencies | $ 2,912 | $ 1,187 |
LOANS AND ACCOUNT RECEIVABLE _5
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Assets before allowances | $ 30,213,414 | |
ECL allowance | 882,414 | |
Net Assets | 29,331,001 | |
Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 26,913,508 | |
ECL allowance | 153,640 | |
Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,796,790 | |
ECL allowance | 125,114 | |
Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,503,116 | |
ECL allowance | 603,660 | |
Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 15,186,144 | $ 13,800,408 |
ECL allowance | 506,802 | 482,713 |
Net Assets | 14,679,342 | |
Commercial Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 13,312,806 | |
ECL allowance | 73,730 | |
Commercial Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,100,255 | |
ECL allowance | 55,640 | |
Commercial Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 773,083 | |
ECL allowance | 377,432 | |
Commercial Loans [Member] | Interbank Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 15,093 | |
ECL allowance | 10 | |
Net Assets | 15,083 | |
Commercial Loans [Member] | Interbank Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 15,093 | |
ECL allowance | 10 | |
Commercial Loans [Member] | Interbank Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | ||
ECL allowance | ||
Commercial Loans [Member] | Interbank Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | ||
ECL allowance | ||
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 11,133,766 | |
ECL allowance | 368,786 | |
Net Assets | 10,764,980 | |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 9,684,451 | |
ECL allowance | 52,782 | |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 841,123 | |
ECL allowance | 41,954 | |
Commercial Loans [Member] | Commercial Loans Portfolio [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 608,192 | |
ECL allowance | 274,050 | |
Commercial Loans [Member] | Foreign Trade Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,752,437 | |
ECL allowance | 39,917 | |
Net Assets | 1,712,520 | |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,646,337 | |
ECL allowance | 5,466 | |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 56,295 | |
ECL allowance | 735 | |
Commercial Loans [Member] | Foreign Trade Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 49,805 | |
ECL allowance | 33,716 | |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 215,162 | |
ECL allowance | 13,784 | |
Net Assets | 201,378 | |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 183,290 | |
ECL allowance | 2,108 | |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 16,452 | |
ECL allowance | 467 | |
Commercial Loans [Member] | Checking Accounts Debtors [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 15,420 | |
ECL allowance | 11,209 | |
Commercial Loans [Member] | Factoring Transactions [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 380,983 | |
ECL allowance | 4,353 | |
Net Assets | 376,630 | |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 370,391 | |
ECL allowance | 829 | |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 6,005 | |
ECL allowance | 91 | |
Commercial Loans [Member] | Factoring Transactions [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 4,587 | |
ECL allowance | 3,433 | |
Commercial Loans [Member] | Student Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 79,916 | |
ECL allowance | 11,190 | |
Net Assets | 68,726 | |
Commercial Loans [Member] | Student Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 64,381 | |
ECL allowance | 2,705 | |
Commercial Loans [Member] | Student Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 6,049 | |
ECL allowance | 2,170 | |
Commercial Loans [Member] | Student Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 9,486 | |
ECL allowance | 6,315 | |
Commercial Loans [Member] | Leasing Transactions [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,443,724 | |
ECL allowance | 38,800 | |
Net Assets | 1,404,924 | |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,225,755 | |
ECL allowance | 7,236 | |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 169,196 | |
ECL allowance | 9,033 | |
Commercial Loans [Member] | Leasing Transactions [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 48,773 | |
ECL allowance | 22,531 | |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 165,063 | |
ECL allowance | 29,962 | |
Net Assets | 135,101 | |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 123,108 | |
ECL allowance | 2,594 | |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 5,135 | |
ECL allowance | 1,190 | |
Commercial Loans [Member] | Other Loans And Account Receivable [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 36,820 | |
ECL allowance | 26,178 | |
Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 10,150,981 | 9,096,895 |
ECL allowance | 91,270 | 108,019 |
Net Assets | 10,059,711 | |
Mortgage Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 9,258,962 | |
ECL allowance | 9,006 | |
Mortgage Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 447,496 | |
ECL allowance | 15,102 | |
Mortgage Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 444,523 | |
ECL allowance | 67,162 | |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 17,426 | |
ECL allowance | 177 | |
Net Assets | 17,249 | |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 15,261 | |
ECL allowance | 20 | |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,241 | |
ECL allowance | 40 | |
Mortgage Loans [Member] | Loans With Mortgage Finance Bonds [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 924 | |
ECL allowance | 117 | |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 108,536 | |
ECL allowance | 805 | |
Net Assets | 107,731 | |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 101,074 | |
ECL allowance | 87 | |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 3,454 | |
ECL allowance | 126 | |
Mortgage Loans [Member] | Endorsable Mortgage Mutual Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 4,008 | |
ECL allowance | 592 | |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 10,025,019 | |
ECL allowance | 90,288 | |
Net Assets | 9,934,731 | |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 9,142,627 | |
ECL allowance | 8,899 | |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 442,801 | |
ECL allowance | 14,936 | |
Mortgage Loans [Member] | Other Mortgage Mutual Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 439,591 | |
ECL allowance | 66,453 | |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 4,876,289 | 4,557,692 |
ECL allowance | 284,342 | $ 297,359 |
Net Assets | 4,591,947 | |
Consumer Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 4,341,740 | |
ECL allowance | 70,904 | |
Consumer Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 249,039 | |
ECL allowance | 54,372 | |
Consumer Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 285,510 | |
ECL allowance | 159,066 | |
Consumer Loans [Member] | Leasing Transactions [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 4,157 | |
ECL allowance | 127 | |
Net Assets | 4,030 | |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 3,974 | |
ECL allowance | 83 | |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 133 | |
ECL allowance | 22 | |
Consumer Loans [Member] | Leasing Transactions [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 50 | |
ECL allowance | 22 | |
Consumer Loans [Member] | Installment Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 3,189,670 | |
ECL allowance | 247,387 | |
Net Assets | 2,942,283 | |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 2,693,260 | |
ECL allowance | 50,748 | |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 231,107 | |
ECL allowance | 48,622 | |
Consumer Loans [Member] | Installment Consumer Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 265,303 | |
ECL allowance | 148,017 | |
Consumer Loans [Member] | Credit Card Balances [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,417,152 | |
ECL allowance | 28,788 | |
Net Assets | 1,388,364 | |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 1,385,783 | |
ECL allowance | 15,087 | |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 14,977 | |
ECL allowance | 4,961 | |
Consumer Loans [Member] | Credit Card Balances [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 16,392 | |
ECL allowance | 8,740 | |
Consumer Loans [Member] | Other Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 265,310 | |
ECL allowance | 8,040 | |
Net Assets | 257,720 | |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 1 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 258,723 | |
ECL allowance | 4,986 | |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 2 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 2,822 | |
ECL allowance | 767 | |
Consumer Loans [Member] | Other Consumer Loans [Member] | Stage 3 [Member] | ||
Disclosure of financial assets [line items] | ||
Assets before allowances | 3,765 | |
ECL allowance | $ 2,287 |
LOANS AND ACCOUNT RECEIVABLE _6
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 (Details 1) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | $ 30,213,414 |
Expected credit losses allowances, Ending balance | 882,414 |
Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 26,913,508 |
Expected credit losses allowances, Ending balance | 153,640 |
Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,796,790 |
Expected credit losses allowances, Ending balance | 125,114 |
Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,503,116 |
Expected credit losses allowances, Ending balance | 603,660 |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 13,800,408 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 2,467,996 |
Writte-off | (128,351) |
Foreign Exchange adjustments | (953,909) |
Gross carrying amount, Ending balance | 15,186,144 |
Expected credit losses allowances, Beginning balance | 482,713 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 11,930 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 33,513 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 27,863 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (3,093) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (6,296) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (50) |
Net changes of the exposure and modifications in the credit risk | 43,974 |
Writte-off | (95,949) |
Foreign Exchange adjustments | 12,197 |
Expected credit losses allowances, Ending balance | 506,802 |
Commercial Loans [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 13,312,806 |
Expected credit losses allowances, Ending balance | 73,730 |
Commercial Loans [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,100,255 |
Expected credit losses allowances, Ending balance | 55,640 |
Commercial Loans [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 773,083 |
Expected credit losses allowances, Ending balance | 377,432 |
Commercial Loans [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 8,899,468 |
Assets before allowances increase (decrease) transfers to stage 2 | (225,062) |
Assets before allowances increase (decrease) transfers to stage 3 | (16,654) |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | 13,199 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 1,497,618 |
Writte-off | |
Foreign Exchange adjustments | (472,732) |
Gross carrying amount, Ending balance | 9,695,837 |
Expected credit losses allowances, Beginning balance | 29,797 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (2,719) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (241) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 167 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 4,105 |
Writte-off | |
Foreign Exchange adjustments | (920) |
Expected credit losses allowances, Ending balance | 30,189 |
Commercial Loans [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 630,515 |
Assets before allowances increase (decrease) transfers to stage 2 | 225,062 |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | (59,688) |
Assets before allowances increase (decrease) transfers to stage 1 | (13,199) |
Assets before allowances increase (decrease) transfers to stage 2 | 4,451 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 138,436 |
Writte-off | |
Foreign Exchange adjustments | (57,794) |
Gross carrying amount, Ending balance | 867,783 |
Expected credit losses allowances, Beginning balance | 28,282 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 8,005 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (5,541) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (411) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 330 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 2,740 |
Writte-off | |
Foreign Exchange adjustments | (2,339) |
Expected credit losses allowances, Ending balance | 31,066 |
Commercial Loans [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 372,744 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | 16,654 |
Assets before allowances increase (decrease) transfers to stage 3 | 59,688 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Assets before allowances increase (decrease) transfers to stage 2 | (4,451) |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 4,240 |
Writte-off | (53,921) |
Foreign Exchange adjustments | (8,025) |
Gross carrying amount, Ending balance | 386,929 |
Expected credit losses allowances, Beginning balance | 191,397 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 6,612 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 22,705 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (1,704) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 1,251 |
Writte-off | (37,439) |
Foreign Exchange adjustments | 15,293 |
Expected credit losses allowances, Ending balance | 198,115 |
Commercial Loans [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 3,338,916 |
Assets before allowances increase (decrease) transfers to stage 2 | (53,020) |
Assets before allowances increase (decrease) transfers to stage 3 | (67,886) |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | 52,755 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | 718 |
Net changes on financial assets | 708,531 |
Writte-off | |
Foreign Exchange adjustments | (363,045) |
Gross carrying amount, Ending balance | 3,616,969 |
Expected credit losses allowances, Beginning balance | 50,014 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (1,525) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (2,697) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 553 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 22 |
Net changes of the exposure and modifications in the credit risk | 3,770 |
Writte-off | |
Foreign Exchange adjustments | (6,696) |
Expected credit losses allowances, Ending balance | 43,541 |
Commercial Loans [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 208,018 |
Assets before allowances increase (decrease) transfers to stage 2 | 53,020 |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | (40,853) |
Assets before allowances increase (decrease) transfers to stage 1 | (52,755) |
Assets before allowances increase (decrease) transfers to stage 2 | 36,247 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 48,323 |
Writte-off | |
Foreign Exchange adjustments | (19,528) |
Gross carrying amount, Ending balance | 232,472 |
Expected credit losses allowances, Beginning balance | 23,041 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 8,169 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (6,776) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (3,402) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 1,854 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 2,855 |
Writte-off | |
Foreign Exchange adjustments | (1,167) |
Expected credit losses allowances, Ending balance | 24,574 |
Commercial Loans [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 350,747 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | 67,886 |
Assets before allowances increase (decrease) transfers to stage 3 | 40,853 |
Assets before allowances increase (decrease) transfers to stage 2 | (36,247) |
Assets before allowances increase (decrease) transfers to stage 1 | (718) |
Net changes on financial assets | 70,848 |
Writte-off | (74,430) |
Foreign Exchange adjustments | (32,785) |
Gross carrying amount, Ending balance | 386,154 |
Expected credit losses allowances, Beginning balance | 160,182 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 29,839 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 17,475 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (6,776) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (72) |
Net changes of the exposure and modifications in the credit risk | 29,253 |
Writte-off | (58,510) |
Foreign Exchange adjustments | 7,926 |
Expected credit losses allowances, Ending balance | $ 179,317 |
LOANS AND ACCOUNT RECEIVABLE _7
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 (Details 2) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | $ 30,213,414 |
Net changes of the exposure and modifications in the credit risk | |
Expected credit losses allowances, Ending balance | 882,414 |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 9,096,895 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 1,271,127 |
Writte-off | (31,664) |
Foreign Exchange adjustments | (185,377) |
Gross carrying amount, Ending balance | 10,150,981 |
Expected credit losses allowances, Beginning balance | 108,019 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 3,330 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 8,677 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 5,538 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (5,992) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (7,889) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (141) |
Net changes of the exposure and modifications in the credit risk | 392 |
Writte-off | (13,548) |
Foreign Exchange adjustments | (7,116) |
Expected credit losses allowances, Ending balance | 91,270 |
Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 26,913,508 |
Expected credit losses allowances, Ending balance | 153,640 |
Stage 1 [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 9,258,962 |
Expected credit losses allowances, Ending balance | 9,006 |
Stage 1 [Member] | Mortgage Loans [Member] | Collective [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 8,191,229 |
Assets before allowances increase (decrease) transfers to stage 2 | (87,473) |
Assets before allowances increase (decrease) transfers to stage 3 | (64,949) |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | 162,432 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | 2,612 |
Net changes on financial assets | 1,226,259 |
Writte-off | |
Foreign Exchange adjustments | (171,148) |
Gross carrying amount, Ending balance | 9,258,962 |
Expected credit losses allowances, Beginning balance | 14,602 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (516) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (383) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 263 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 91 |
Net changes of the exposure and modifications in the credit risk | 1,601 |
Writte-off | |
Foreign Exchange adjustments | (6,652) |
Expected credit losses allowances, Ending balance | 9,006 |
Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,796,790 |
Expected credit losses allowances, Ending balance | 125,114 |
Stage 2 [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 447,496 |
Expected credit losses allowances, Ending balance | 15,102 |
Stage 2 [Member] | Mortgage Loans [Member] | Collective [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 469,349 |
Assets before allowances increase (decrease) transfers to stage 2 | 87,473 |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | (54,488) |
Assets before allowances increase (decrease) transfers to stage 1 | (162,432) |
Assets before allowances increase (decrease) transfers to stage 2 | 79,159 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 34,653 |
Writte-off | |
Foreign Exchange adjustments | (6,218) |
Gross carrying amount, Ending balance | 447,496 |
Expected credit losses allowances, Beginning balance | 20,227 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 3,846 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (2,518) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (6,255) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 2,296 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 575 |
Writte-off | |
Foreign Exchange adjustments | (3,069) |
Expected credit losses allowances, Ending balance | 15,102 |
Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,503,116 |
Expected credit losses allowances, Ending balance | 603,660 |
Stage 3 [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 444,523 |
Expected credit losses allowances, Ending balance | 67,162 |
Stage 3 [Member] | Mortgage Loans [Member] | Collective [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 436,317 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | 64,949 |
Assets before allowances increase (decrease) transfers to stage 3 | 54,488 |
Assets before allowances increase (decrease) transfers to stage 2 | (79,159) |
Assets before allowances increase (decrease) transfers to stage 1 | (2,612) |
Net changes on financial assets | 10,215 |
Writte-off | (31,664) |
Foreign Exchange adjustments | (8,011) |
Gross carrying amount, Ending balance | 444,523 |
Expected credit losses allowances, Beginning balance | 73,190 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 9,060 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 8,056 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (10,185) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (232) |
Net changes of the exposure and modifications in the credit risk | (1,784) |
Writte-off | (13,548) |
Foreign Exchange adjustments | 2,605 |
Expected credit losses allowances, Ending balance | $ 67,162 |
LOANS AND ACCOUNT RECEIVABLE _8
LOANS AND ACCOUNT RECEIVABLE AT AMORTISED COST - under IFRS 9 (Details 3) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | $ 30,213,414 |
Net changes of the exposure and modifications in the credit risk | |
Expected credit losses allowances, Ending balance | 882,414 |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 4,557,692 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 843,530 |
Writte-off | (115,933) |
Foreign Exchange adjustments | (409,000) |
Gross carrying amount, Ending balance | 4,876,289 |
Expected credit losses allowances, Beginning balance | 297,359 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 12,538 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 14,880 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 6,808 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (3,570) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (6,164) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (12) |
Net changes of the exposure and modifications in the credit risk | 37,404 |
Writte-off | (64,506) |
Foreign Exchange adjustments | (10,395) |
Expected credit losses allowances, Ending balance | 284,342 |
Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 26,913,508 |
Expected credit losses allowances, Ending balance | 153,640 |
Stage 1 [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 4,341,740 |
Expected credit losses allowances, Ending balance | 70,904 |
Stage 1 [Member] | Collective [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 3,978,393 |
Assets before allowances increase (decrease) transfers to stage 2 | (46,936) |
Assets before allowances increase (decrease) transfers to stage 3 | (33,161) |
Assets before allowances increase (decrease) transfers to stage 3 | |
Assets before allowances increase (decrease) transfers to stage 1 | 29,777 |
Assets before allowances increase (decrease) transfers to stage 2 | |
Assets before allowances increase (decrease) transfers to stage 1 | 37 |
Net changes on financial assets | 766,069 |
Writte-off | |
Foreign Exchange adjustments | (352,439) |
Gross carrying amount, Ending balance | 4,341,740 |
Expected credit losses allowances, Beginning balance | 72,712 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (2,117) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (1,431) |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 1,320 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 1 | 6 |
Net changes of the exposure and modifications in the credit risk | 3,782 |
Writte-off | |
Foreign Exchange adjustments | (3,368) |
Expected credit losses allowances, Ending balance | 70,904 |
Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,796,790 |
Expected credit losses allowances, Ending balance | 125,114 |
Stage 2 [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 249,039 |
Expected credit losses allowances, Ending balance | 54,372 |
Stage 2 [Member] | Collective [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 257,580 |
Assets before allowances increase (decrease) transfers to stage 2 | 46,936 |
Assets before allowances increase (decrease) transfers to stage 3 | (19,327) |
Assets before allowances increase (decrease) transfers to stage 1 | (29,777) |
Assets before allowances increase (decrease) transfers to stage 2 | 17,988 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Net changes on financial assets | 1,063 |
Writte-off | |
Foreign Exchange adjustments | (25,424) |
Gross carrying amount, Ending balance | 249,039 |
Expected credit losses allowances, Beginning balance | 54,557 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 14,655 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | (3,913) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (4,890) |
Expected credit losses allowances increase (decrease) transfers to stage 2 | 2,943 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | (8,572) |
Writte-off | |
Foreign Exchange adjustments | (408) |
Expected credit losses allowances, Ending balance | 54,372 |
Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 1,503,116 |
Expected credit losses allowances, Ending balance | 603,660 |
Stage 3 [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Ending balance | 285,510 |
Expected credit losses allowances, Ending balance | 159,066 |
Stage 3 [Member] | Collective [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 321,719 |
Assets before allowances increase (decrease) transfers to stage 3 | 33,161 |
Assets before allowances increase (decrease) transfers to stage 3 | 19,327 |
Assets before allowances increase (decrease) transfers to stage 1 | |
Assets before allowances increase (decrease) transfers to stage 2 | (17,988) |
Assets before allowances increase (decrease) transfers to stage 1 | (37) |
Net changes on financial assets | 76,398 |
Writte-off | (115,933) |
Foreign Exchange adjustments | (31,137) |
Gross carrying amount, Ending balance | 285,510 |
Expected credit losses allowances, Beginning balance | 170,090 |
Expected credit losses allowances increase (decrease) transfers to stage 2 | |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 16,311 |
Expected credit losses allowances increase (decrease) transfers to stage 3 | 10,721 |
Expected credit losses allowances increase (decrease) transfers to stage 1 | |
Expected credit losses allowances increase (decrease) transfers to stage 2 | (9,107) |
Expected credit losses allowances increase (decrease) transfers to stage 1 | (18) |
Net changes of the exposure and modifications in the credit risk | 42,194 |
Writte-off | (64,506) |
Foreign Exchange adjustments | (6,619) |
Expected credit losses allowances, Ending balance | $ 159,066 |
LOANS AND ACCOUNT RECEIVABLE _9
LOANS AND ACCOUNT RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME - under IFRS 9 (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | $ 107,998 |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | (42,575) |
Writte-off | |
Foreign Exchange adjustments | 3,271 |
Gross carrying amount, Ending balance | 68,694 |
ECL allowance, Beginning balance | 97 |
Transfers to stage 2 | 9 |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | |
Writte-off | |
Foreign Exchange adjustments | |
ECL allowance, Ending balance | 106 |
Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | 107,998 |
Transfers to stage 2 | (6,697) |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | (40,754) |
Writte-off | |
Foreign Exchange adjustments | 3,198 |
Gross carrying amount, Ending balance | 63,745 |
ECL allowance, Beginning balance | 97 |
Transfers to stage 2 | (17) |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | 8 |
Writte-off | |
Foreign Exchange adjustments | |
ECL allowance, Ending balance | 88 |
Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | |
Transfers to stage 2 | 6,697 |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | (1,821) |
Writte-off | |
Foreign Exchange adjustments | 73 |
Gross carrying amount, Ending balance | 4,949 |
ECL allowance, Beginning balance | |
Transfers to stage 2 | 26 |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | (8) |
Writte-off | |
Foreign Exchange adjustments | |
ECL allowance, Ending balance | 18 |
Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Gross carrying amount, Beginning balance | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | |
Writte-off | |
Foreign Exchange adjustments | |
Gross carrying amount, Ending balance | |
ECL allowance, Beginning balance | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes of the exposure and modifications in the credit risk | |
Writte-off | |
Foreign Exchange adjustments | |
ECL allowance, Ending balance |
LOANS AND ACCOUNTS RECEIVABLE_3
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of financial assets [line items] | |||
Assets before Allowances | $ 27,725,914 | ||
Allowances established | $ 723 | 1,440 | |
Net assets | 26,772,544 | ||
Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 218,790 | ||
Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 571,895 | ||
Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 790,685 | $ 786,470 | |
Net assets | 790,685 | ||
Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 14,071,327 | ||
Net assets | 13,470,779 | ||
Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 218,790 | 246,336 | |
Net assets | 218,790 | ||
Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 219,073 | 183,106 | |
Net assets | 219,073 | ||
Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 437,863 | ||
Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 9,096,895 | ||
Allowances established | 69,066 | ||
Net assets | 9,027,829 | ||
Mortgage Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Mortgage Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 69,066 | ||
Allowances established | 69,066 | 57,009 | |
Mortgage Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 69,066 | ||
Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,557,692 | ||
Allowances established | 283,756 | ||
Net assets | 4,273,936 | ||
Consumer Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Consumer Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 283,756 | ||
Allowances established | 283,756 | $ 300,019 | |
Consumer Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 283,756 | ||
Foreign Trade Loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 1,524,043 | ||
Foreign Trade Loans [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 49,026 | ||
Foreign Trade Loans [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 1,444 | ||
Foreign Trade Loans [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 50,470 | ||
Current Account Debtors [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 181,230 | ||
Current Account Debtors [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 2,726 | ||
Current Account Debtors [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 11,740 | ||
Current Account Debtors [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 14,466 | ||
Factoring Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 443,895 | ||
Factoring Transactions [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 4,788 | ||
Factoring Transactions [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 1,207 | ||
Factoring Transactions [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 5,995 | ||
Student loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 82,368 | ||
Student loans [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Student loans [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 5,922 | ||
Student loans [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 5,922 | ||
Commercial Lease Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 1,426,682 | ||
Commercial Lease Transactions [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 17,529 | ||
Commercial Lease Transactions [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 12,793 | ||
Commercial Lease Transactions [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 30,322 | ||
Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 123,895 | ||
Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 11,467 | ||
Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 17,231 | ||
Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 28,698 | ||
Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 23,937 | ||
Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 123 | ||
Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 123 | ||
Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 114,484 | ||
Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 594 | ||
Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 594 | ||
Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 8,889,408 | ||
Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 68,349 | ||
Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 68,349 | ||
Consumer Loans In Installments [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 2,669,780 | ||
Consumer Loans In Installments [Member] | Consumer Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Consumer Loans In Installments [Member] | Consumer Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 240,962 | ||
Consumer Loans In Installments [Member] | Consumer Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 240,962 | ||
Credit Card Debtors [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 1,331,579 | ||
Credit Card Debtors [Member] | Consumer Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Credit Card Debtors [Member] | Consumer Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 33,401 | ||
Credit Card Debtors [Member] | Consumer Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 33,401 | ||
Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 4,653 | ||
Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 62 | ||
Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 62 | ||
Other Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 267,924 | ||
Other Consumer Loans [Member] | Consumer Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | |||
Other Consumer Loans [Member] | Consumer Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 9,331 | ||
Other Consumer Loans [Member] | Consumer Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 9,331 | ||
Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Net assets | 9,688,666 | ||
Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Individual Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 133,254 | ||
Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Group Allowance [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 168,736 | ||
Commercial Loans Portfolio [Member] | Commercial Loans [Member] | Total Provision [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances established | 301,990 | ||
Normal Portfolio [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 25,760,056 | ||
Normal Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 12,895,139 | ||
Normal Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 8,634,351 | ||
Normal Portfolio [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,230,566 | ||
Normal Portfolio [Member] | Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 9,244,460 | ||
Normal Portfolio [Member] | Foreign Trade Loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,506,359 | ||
Normal Portfolio [Member] | Current Account Debtors [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 179,982 | ||
Normal Portfolio [Member] | Factoring Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 444,644 | ||
Normal Portfolio [Member] | Student loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 77,226 | ||
Normal Portfolio [Member] | Commercial Lease Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,335,653 | ||
Normal Portfolio [Member] | Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 106,815 | ||
Normal Portfolio [Member] | Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 22,620 | ||
Normal Portfolio [Member] | Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 110,659 | ||
Normal Portfolio [Member] | Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 8,501,072 | ||
Normal Portfolio [Member] | Consumer Loans In Installments [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 2,613,041 | ||
Normal Portfolio [Member] | Credit Card Debtors [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,341,098 | ||
Normal Portfolio [Member] | Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,638 | ||
Normal Portfolio [Member] | Other Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 271,789 | ||
Impaired Portfolio [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,803,173 | ||
Impaired Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,013,503 | ||
Impaired Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 462,544 | ||
Impaired Portfolio [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 327,126 | ||
Impaired Portfolio [Member] | Foreign Trade Loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 68,154 | ||
Impaired Portfolio [Member] | Current Account Debtors [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 15,714 | ||
Impaired Portfolio [Member] | Factoring Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 5,246 | ||
Impaired Portfolio [Member] | Student loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 11,064 | ||
Impaired Portfolio [Member] | Commercial Lease Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 121,351 | ||
Impaired Portfolio [Member] | Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 45,778 | ||
Impaired Portfolio [Member] | Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,440 | ||
Impaired Portfolio [Member] | Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,419 | ||
Impaired Portfolio [Member] | Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 456,685 | ||
Impaired Portfolio [Member] | Consumer Loans In Installments [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 297,701 | ||
Impaired Portfolio [Member] | Credit Card Debtors [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 23,882 | ||
Impaired Portfolio [Member] | Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 77 | ||
Impaired Portfolio [Member] | Other Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 5,466 | ||
Impaired Portfolio [Member] | Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 746,196 | ||
Total Impaired Portfolio [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 27,563,229 | ||
Total Impaired Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 13,908,642 | ||
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 9,096,895 | ||
Total Impaired Portfolio [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,557,692 | ||
Total Impaired Portfolio [Member] | Foreign Trade Loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,574,513 | ||
Total Impaired Portfolio [Member] | Current Account Debtors [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 195,696 | ||
Total Impaired Portfolio [Member] | Factoring Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 449,890 | ||
Total Impaired Portfolio [Member] | Student loans [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 88,290 | ||
Total Impaired Portfolio [Member] | Commercial Lease Transactions [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,457,004 | ||
Total Impaired Portfolio [Member] | Other Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 152,593 | ||
Total Impaired Portfolio [Member] | Transferable Mortgage Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 24,060 | ||
Total Impaired Portfolio [Member] | Endorsable Mortgage Mutual Loans [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 115,078 | ||
Total Impaired Portfolio [Member] | Other Mortgage Bonds Portfolio [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 8,957,757 | ||
Total Impaired Portfolio [Member] | Consumer Loans In Installments [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 2,910,742 | ||
Total Impaired Portfolio [Member] | Credit Card Debtors [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 1,364,980 | ||
Total Impaired Portfolio [Member] | Current Account Debtors Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 4,715 | ||
Total Impaired Portfolio [Member] | Other Consumer Loans [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | 277,255 | ||
Total Impaired Portfolio [Member] | Commercial Loans Portfolio [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Assets before Allowances | $ 9,990,656 |
LOANS AND ACCOUNTS RECEIVABLE_4
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 1) $ in Millions | Dec. 31, 2017CLP ($) |
Foreign Interbank Loans [Member] | |
Disclosure of financial assets [line items] | |
Interbank loans | $ 162,685 |
Provisions and impairment for foreign bank loans | (472) |
Total | 162,213 |
Domestic Banks [Member] | |
Disclosure of financial assets [line items] | |
Interbank loans | |
Other domestic bank loans |
LOANS AND ACCOUNTS RECEIVABLE_5
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 2) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Balance as of beginning | $ 4,135 |
Provisions established | 307 |
Provisions released | (3,970) |
Total | 472 |
Domestic Loans [Member] | |
Disclosure of financial assets [line items] | |
Balance as of beginning | |
Provisions established | 251 |
Provisions released | (251) |
Total | |
Foreign Interbank Loans [Member] | |
Disclosure of financial assets [line items] | |
Balance as of beginning | 4,135 |
Provisions established | 56 |
Provisions released | (3,719) |
Total | $ 472 |
LOANS AND ACCOUNTS RECEIVABLE_6
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 3) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 27,725,914 |
Distribution percentage | 100.00% |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 14,071,327 |
Distribution percentage | 50.75% |
Commercial Loans [Member] | Manufacturing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 1,218,232 |
Distribution percentage | 4.39% |
Commercial Loans [Member] | Mining [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 302,037 |
Distribution percentage | 1.09% |
Commercial Loans [Member] | Electricity, Gas and Water [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 336,048 |
Distribution percentage | 1.21% |
Commercial Loans [Member] | Agriculture and Livestock [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 1,114,597 |
Distribution percentage | 4.02% |
Commercial Loans [Member] | Forest [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 98,941 |
Distribution percentage | 0.36% |
Commercial Loans [Member] | Fishing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 215,994 |
Distribution percentage | 0.78% |
Commercial Loans [Member] | Transportation And Telecom [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 697,948 |
Distribution percentage | 2.52% |
Commercial Loans [Member] | Communications [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 168,744 |
Distribution percentage | 0.61% |
Commercial Loans [Member] | Construction [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 1,977,417 |
Distribution percentage | 7.13% |
Commercial Loans [Member] | Commerce Industry [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 3,294,555 |
Distribution percentage | 11.88% |
Commercial Loans [Member] | Services [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 467,747 |
Distribution percentage | 1.69% |
Commercial Loans [Member] | Other [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 4,179,067 |
Distribution percentage | 15.07% |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 9,096,895 |
Distribution percentage | 32.81% |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 4,557,692 |
Distribution percentage | 16.43% |
Domestic Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | $ 27,563,229 |
Domestic Loans [Member] | Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 13,908,642 |
Domestic Loans [Member] | Commercial Loans [Member] | Manufacturing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,218,232 |
Domestic Loans [Member] | Commercial Loans [Member] | Mining [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 302,037 |
Domestic Loans [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 336,048 |
Domestic Loans [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,114,597 |
Domestic Loans [Member] | Commercial Loans [Member] | Forest [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 98,941 |
Domestic Loans [Member] | Commercial Loans [Member] | Fishing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 215,994 |
Domestic Loans [Member] | Commercial Loans [Member] | Transportation And Telecom [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 697,948 |
Domestic Loans [Member] | Commercial Loans [Member] | Communications [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 168,744 |
Domestic Loans [Member] | Commercial Loans [Member] | Construction [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 1,977,417 |
Domestic Loans [Member] | Commercial Loans [Member] | Commerce Industry [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 3,131,870 |
Domestic Loans [Member] | Commercial Loans [Member] | Services [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 467,747 |
Domestic Loans [Member] | Commercial Loans [Member] | Other [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,179,067 |
Domestic Loans [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 9,096,895 |
Domestic Loans [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 4,557,692 |
Foreign Interbank Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 162,685 |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 162,685 |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Manufacturing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Mining [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Forest [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Fishing [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Transportation And Telecom [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Communications [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Construction [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Commerce Industry [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | 162,685 |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Services [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Commercial Loans [Member] | Other [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances | |
Foreign Interbank Loans [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Assets before allowances |
LOANS AND ACCOUNTS RECEIVABLE_7
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 4) $ in Millions | Dec. 31, 2017CLP ($) | |
Impaired Portfolio [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 427,890 | |
Impaired Portfolio [Member] | Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 427,890 | |
Impaired Portfolio [Member] | Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | ||
Impaired Portfolio [Member] | Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | ||
Non-performing Loans (collectively evaluated) [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 633,461 | [1] |
Non-performing Loans (collectively evaluated) [Member] | Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 368,522 | [1] |
Non-performing Loans (collectively evaluated) [Member] | Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 161,768 | [1] |
Non-performing Loans (collectively evaluated) [Member] | Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 103,171 | [1] |
Other Impaired Portfolio [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 741,822 | |
Other Impaired Portfolio [Member] | Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 217,091 | |
Other Impaired Portfolio [Member] | Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 300,776 | |
Other Impaired Portfolio [Member] | Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 223,955 | |
Total Impaired Portfolio [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,803,173 | |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 1,013,503 | |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 462,544 | |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 327,126 | |
[1] | Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. |
LOANS AND ACCOUNTS RECEIVABLE_8
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 5) - Total Impaired Portfolio [Member] $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Total | $ 1,803,173 |
SecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 1,030,533 |
UnsecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 772,640 |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | 1,013,503 |
Commercial Loans [Member] | SecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 582,557 |
Commercial Loans [Member] | UnsecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 430,946 |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | 462,544 |
Mortgage Loans [Member] | SecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 413,716 |
Mortgage Loans [Member] | UnsecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 48,828 |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | 327,126 |
Consumer Loans [Member] | SecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | 34,260 |
Consumer Loans [Member] | UnsecuredDebt [Member] | |
Disclosure of financial assets [line items] | |
Total | $ 292,866 |
LOANS AND ACCOUNTS RECEIVABLE_9
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 6) - Non-performing Loans (collectively evaluated) [Member] $ in Millions | Dec. 31, 2017CLP ($) | |
Disclosure of financial assets [line items] | ||
Total | $ 633,461 | [1] |
SecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 318,218 | |
UnsecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 315,243 | |
Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 368,522 | [1] |
Commercial Loans [Member] | SecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 167,909 | |
Commercial Loans [Member] | UnsecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 200,613 | |
Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 161,768 | [1] |
Mortgage Loans [Member] | SecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 141,413 | |
Mortgage Loans [Member] | UnsecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 20,355 | |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 103,171 | [1] |
Consumer Loans [Member] | SecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 8,896 | |
Consumer Loans [Member] | UnsecuredDebt [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 94,275 | |
[1] | Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. |
LOANS AND ACCOUNTS RECEIVABL_10
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 7) - Non-performing Loans (collectively evaluated) [Member] $ in Millions | Dec. 31, 2017CLP ($) | |
Disclosure of financial assets [line items] | ||
Total | $ 633,461 | [1] |
Up To 3 Months [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 614,774 | |
Less Than 90 Days [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 18,687 | |
Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 368,522 | [1] |
Commercial Loans [Member] | Up To 3 Months [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 362,968 | |
Commercial Loans [Member] | Less Than 90 Days [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 5,554 | |
Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 161,768 | |
Mortgage Loans [Member] | Up To 3 Months [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 159,265 | |
Mortgage Loans [Member] | Less Than 90 Days [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,503 | |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 103,171 | [1] |
Consumer Loans [Member] | Up To 3 Months [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 92,541 | |
Consumer Loans [Member] | Less Than 90 Days [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 10,630 | |
[1] | Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. |
LOANS AND ACCOUNTS RECEIVABL_11
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 8) $ in Millions | 12 Months Ended | |
Dec. 31, 2017CLP ($) | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | $ 1,440 | |
Total Provision [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Beginning | 786,470 | |
Allowances established | 508,998 | [1] |
Allowances released | (133,932) | [2] |
Charge-offs | (370,851) | [3] |
Balance Ending | 790,685 | |
Commercial Loans [Member] | Individual Allowance [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Beginning | 246,336 | |
Allowances established | 64,658 | [1] |
Allowances released | (55,925) | [2] |
Charge-offs | (36,279) | [3] |
Balance Ending | 218,790 | |
Commercial Loans [Member] | Group Allowance [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Beginning | 183,106 | |
Allowances established | 148,681 | [1] |
Allowances released | (20,491) | [2] |
Charge-offs | (92,223) | [3] |
Balance Ending | 219,073 | |
Commercial Loans [Member] | Total Provision [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | 437,863 | |
Mortgage Loans [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | 69,066 | |
Mortgage Loans [Member] | Group Allowance [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Beginning | 57,009 | |
Allowances established | 43,621 | [1] |
Allowances released | (11,427) | [2] |
Charge-offs | (20,137) | [3] |
Balance Ending | 69,066 | |
Mortgage Loans [Member] | Total Provision [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | 69,066 | |
Consumer Loans [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | 283,756 | |
Consumer Loans [Member] | Group Allowance [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Beginning | 300,019 | |
Allowances established | 252,038 | [1] |
Allowances released | (46,089) | [2] |
Charge-offs | (222,212) | [3] |
Balance Ending | 283,756 | |
Consumer Loans [Member] | Total Provision [Member] | ||
Changes in allowance account for credit losses of financial assets [Roll Forward] | ||
Balance Ending | $ 283,756 | |
[1] | Represents gross allowances made in respect of increased risk of loss during the period and loan growth, | |
[2] | Represents the gross amount of loan loss allowances released during the year as a consequence of reduction in the level of risk existing in the loan portfolio, including as a result of improvement in the credit risk classification of borrowers and loans paid, | |
[3] | Represents the gross amount of loan loss allowances removed due to charge-off, |
LOANS AND ACCOUNTS RECEIVABL_12
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 9) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | ||
Total | $ 83,315 | $ 78,298 |
Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 32,401 | 27,185 |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 39,972 | 41,072 |
Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 10,942 | $ 10,041 |
LOANS AND ACCOUNTS RECEIVABL_13
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 10) - CLP ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of financial assets [line items] | ||
Total | $ 509,305 | $ 529,345 |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 508,998 | 526,293 |
Interbank Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 307 | $ 3,052 |
LOANS AND ACCOUNTS RECEIVABL_14
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 11) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 27,725,914 |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 14,071,327 |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 9,096,895 |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 4,557,692 |
Non-Impaired Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 25,760,056 |
Overdue loans (less than 90 days) presented as portfolio percentage | 2.53% |
Overdue loans (90 days or more) presented as portfolio percentage | |
Non-Impaired Portfolio [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 25,107,730 |
Non-Impaired Portfolio [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 416,338 |
Non-Impaired Portfolio [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 235,988 |
Non-Impaired Portfolio [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | |
Non-Impaired Portfolio [Member] | Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 12,895,139 |
Overdue loans (less than 90 days) presented as portfolio percentage | 1.22% |
Overdue loans (90 days or more) presented as portfolio percentage | |
Non-Impaired Portfolio [Member] | Commercial Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 12,737,508 |
Non-Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 103,908 |
Non-Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 53,723 |
Non-Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | |
Non-Impaired Portfolio [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 8,634,351 |
Overdue loans (less than 90 days) presented as portfolio percentage | 3.20% |
Overdue loans (90 days or more) presented as portfolio percentage | |
Non-Impaired Portfolio [Member] | Mortgage Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 8,357,733 |
Non-Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 180,294 |
Non-Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 96,324 |
Non-Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | |
Non-Impaired Portfolio [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 4,230,566 |
Overdue loans (less than 90 days) presented as portfolio percentage | 5.15% |
Overdue loans (90 days or more) presented as portfolio percentage | |
Non-Impaired Portfolio [Member] | Consumer Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 4,012,489 |
Non-Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 132,136 |
Non-Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 85,941 |
Non-Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | |
Impaired Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 1,803,173 |
Overdue loans (less than 90 days) presented as portfolio percentage | 26.04% |
Overdue loans (90 days or more) presented as portfolio percentage | 34.09% |
Impaired Portfolio [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 718,849 |
Impaired Portfolio [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 231,189 |
Impaired Portfolio [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 238,361 |
Impaired Portfolio [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 614,774 |
Impaired Portfolio [Member] | Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 1,013,503 |
Overdue loans (less than 90 days) presented as portfolio percentage | 19.80% |
Overdue loans (90 days or more) presented as portfolio percentage | 35.81% |
Impaired Portfolio [Member] | Commercial Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 449,895 |
Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 110,834 |
Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 89,806 |
Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 362,968 |
Impaired Portfolio [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 462,544 |
Overdue loans (less than 90 days) presented as portfolio percentage | 31.24% |
Overdue loans (90 days or more) presented as portfolio percentage | 34.43% |
Impaired Portfolio [Member] | Mortgage Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 158,770 |
Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 74,072 |
Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 70,437 |
Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 159,265 |
Impaired Portfolio [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 327,126 |
Overdue loans (less than 90 days) presented as portfolio percentage | 38.03% |
Overdue loans (90 days or more) presented as portfolio percentage | 28.29% |
Impaired Portfolio [Member] | Consumer Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 110,184 |
Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 46,283 |
Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 78,118 |
Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 92,541 |
Total Impaired Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 27,563,229 |
Overdue loans (less than 90 days) presented as portfolio percentage | 4.07% |
Overdue loans (90 days or more) presented as portfolio percentage | 2.23% |
Total Impaired Portfolio [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 25,826,579 |
Total Impaired Portfolio [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 647,527 |
Total Impaired Portfolio [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 474,349 |
Total Impaired Portfolio [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 614,774 |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 13,908,642 |
Overdue loans (less than 90 days) presented as portfolio percentage | 2.58% |
Overdue loans (90 days or more) presented as portfolio percentage | 2.61% |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 13,187,403 |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 214,742 |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 143,529 |
Total Impaired Portfolio [Member] | Commercial Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 362,968 |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 9,096,895 |
Overdue loans (less than 90 days) presented as portfolio percentage | 4.63% |
Overdue loans (90 days or more) presented as portfolio percentage | 1.75% |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 8,516,503 |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 254,366 |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 166,761 |
Total Impaired Portfolio [Member] | Mortgage Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 159,265 |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 4,557,692 |
Overdue loans (less than 90 days) presented as portfolio percentage | 7.51% |
Overdue loans (90 days or more) presented as portfolio percentage | 2.03% |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | Current Portfolio [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 4,122,673 |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 1-29 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 178,419 |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 30-89 Days [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | 164,059 |
Total Impaired Portfolio [Member] | Consumer Loans [Member] | Overdue for 90 Days or more [Member] | |
Disclosure of financial assets [line items] | |
Total portfolio before allowances | $ 92,541 |
LOANS AND ACCOUNTS RECEIVABL_15
LOANS AND ACCOUNTS RECEIVABLE FROM CUSTOMERS and INTERBANK LOANS (under IAS 39) (Details 12) - Non-performing Loans (collectively evaluated) [Member] $ in Millions | Dec. 31, 2017CLP ($) | |
Disclosure of financial assets [line items] | ||
Overdue loans | $ 614,774 | |
Loans with not overdue but classified as non-performing loans | 18,687 | |
Total | 633,461 | [1] |
Commercial Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Overdue loans | 362,968 | |
Loans with not overdue but classified as non-performing loans | 5,554 | |
Total | 368,522 | [1] |
Mortgage Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Overdue loans | 159,265 | |
Loans with not overdue but classified as non-performing loans | 2,503 | |
Total | 161,768 | [1] |
Consumer Loans [Member] | ||
Disclosure of financial assets [line items] | ||
Overdue loans | 92,541 | |
Loans with not overdue but classified as non-performing loans | 10,630 | |
Total | $ 103,171 | [1] |
[1] | Non-performing loans include the aggregate unpaid principal and accrued but unpaid interest on all loans with at least one installment at least 90 days past-due. |
DEBT INSTRUMENTS AT FAIR VALU_3
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | $ 2,394,323 | |
Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 24,827 | |
Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 448,460 | |
Securities Sold Under Repurchase Agreements [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 32,436 | |
Securities Sold Under Repurchase Agreements [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | ||
Time Deposits In Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 2,693 | |
Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 19,227 | |
Other Instruments Issued in The Country [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 2,907 | |
Foreign Central Banks And Government Securities [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 280,622 | |
Other Foreign Financial Instruments [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 167,838 | |
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 1,921,036 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 657,096 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 56,719 | |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | 1,207,221 | |
Chilean Central Bank And Government Securities [Member] | Securities Sold Under Repurchase Agreements [Member] | ||
Disclosure of financial assets [line items] | ||
Debt instruments at fair value through other comprehensive income | $ 16,109 |
DEBT INSTRUMENTS AT FAIR VALU_4
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details 1) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Beginning balance | $ 2,574,546 |
New assets purchased | 5,037,857 |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | (5,604,114) |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | 386,034 |
Ending balance | 2,394,323 |
ECL [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | 324 |
New assets purchased | 634 |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | (705) |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | 5 |
Ending balance | 258 |
Expected Credit Losses Stage1 [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | 2,574,546 |
New assets purchased | 5,037,857 |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | (5,604,114) |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | 386,034 |
Ending balance | 2,394,323 |
Expected Credit Losses Stage1 [Member] | ECL [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | 324 |
New assets purchased | 634 |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | (705) |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | 5 |
Ending balance | 258 |
Expected Credit Losses Stage2 [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | |
New assets purchased | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | |
Ending balance | |
Expected Credit Losses Stage2 [Member] | ECL [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | |
New assets purchased | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | |
Ending balance | |
Expected Credit Losses Stage3 [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | |
New assets purchased | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | |
Ending balance | |
Expected Credit Losses Stage3 [Member] | ECL [Member] | |
Disclosure of financial assets [line items] | |
Beginning balance | |
New assets purchased | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 3 | |
Assets derecognised or matured (excluding write offs) | |
Changes due to modifications not derecognised | |
Writte-off | |
Foreign Exchange adjustments | |
Ending balance |
DEBT INSTRUMENTS AT FAIR VALU_5
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details 2) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Instruments At Fair Value Through Other Comprehensive Income | |||
Sale of available for sale investments generating realized profits | $ 3,505,266 | $ 6,469,344 | $ 6,522,549 |
Realized profits | 5,286 | 4,867 | 12,333 |
Sale of available for sale investments generating realized losses | 709,371 | 466,732 | 346,906 |
Realized losses | $ 6,788 | $ 3 | $ 132 |
DEBT INSTRUMENTS AT FAIR VALU_6
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details 3) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Available for sale investments | $ 2,574,546 | |
Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 27,673 | |
Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 284,072 | |
Time Deposits In Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 2,361 | |
Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 22,312 | |
Other Instruments Issued in The Country [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 3,000 | |
Foreign Central Banks And Government Securities [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 132,822 | |
Other Foreign Financial Instruments [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 151,250 | |
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 2,262,801 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 816,331 | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 330,952 | |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | $ 1,115,518 |
DEBT INSTRUMENTS AT FAIR VALU_7
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details 4) $ in Millions | Dec. 31, 2017CLP ($) |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | $ 2,572,691 |
Available for sale investments fair value | 2,574,546 |
Available for sale investments unrealized profit | 13,672 |
Available for sale investments unrealized loss | (11,817) |
Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 24,448 |
Available for sale investments fair value | 27,673 |
Available for sale investments unrealized profit | 3,225 |
Available for sale investments unrealized loss | |
Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 283,709 |
Available for sale investments fair value | 284,072 |
Available for sale investments unrealized profit | 1,944 |
Available for sale investments unrealized loss | (1,582) |
Due Within 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 2,572,691 |
Available for sale investments fair value | 2,574,546 |
Available for sale investments unrealized profit | 13,672 |
Available for sale investments unrealized loss | (11,817) |
Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 24,448 |
Available for sale investments fair value | 27,673 |
Available for sale investments unrealized profit | 3,225 |
Available for sale investments unrealized loss | |
Due Within 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 283,709 |
Available for sale investments fair value | 284,072 |
Available for sale investments unrealized profit | 1,944 |
Available for sale investments unrealized loss | (1,582) |
More Than 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
More Than 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Time Deposits In Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 2,361 |
Available for sale investments fair value | 2,361 |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Time Deposits In Chilean Financial Institutions [Member] | Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 2,361 |
Available for sale investments fair value | 2,361 |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Time Deposits In Chilean Financial Institutions [Member] | More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 21,867 |
Available for sale investments fair value | 22,312 |
Available for sale investments unrealized profit | 445 |
Available for sale investments unrealized loss | |
Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 21,867 |
Available for sale investments fair value | 22,312 |
Available for sale investments unrealized profit | 445 |
Available for sale investments unrealized loss | |
Mortgage Finance Bonds Of Chilean Financial Institutions [Member] | More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Financial Institution Bonds [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Financial Institution Bonds [Member] | Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Financial Institution Bonds [Member] | More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Corporate Bonds [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Corporate Bonds [Member] | Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Corporate Bonds [Member] | More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Other Chilean Securities [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 220 |
Available for sale investments fair value | 3,000 |
Available for sale investments unrealized profit | 2,780 |
Available for sale investments unrealized loss | |
Other Chilean Securities [Member] | Due Within 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 220 |
Available for sale investments fair value | 3,000 |
Available for sale investments unrealized profit | 2,780 |
Available for sale investments unrealized loss | |
Other Chilean Securities [Member] | More Than 1 Year [Member] | Other Chilean Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Foreign Central Banks And Government Securities [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 133,301 |
Available for sale investments fair value | 132,822 |
Available for sale investments unrealized profit | 847 |
Available for sale investments unrealized loss | (1,326) |
Foreign Central Banks And Government Securities [Member] | Due Within 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 133,301 |
Available for sale investments fair value | 132,822 |
Available for sale investments unrealized profit | 847 |
Available for sale investments unrealized loss | (1,326) |
Foreign Central Banks And Government Securities [Member] | More Than 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Other Foreign Financial Instruments [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 150,408 |
Available for sale investments fair value | 151,250 |
Available for sale investments unrealized profit | 1,097 |
Available for sale investments unrealized loss | (256) |
Other Foreign Financial Instruments [Member] | Due Within 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 150,408 |
Available for sale investments fair value | 151,250 |
Available for sale investments unrealized profit | 1,097 |
Available for sale investments unrealized loss | (256) |
Other Foreign Financial Instruments [Member] | More Than 1 Year [Member] | Foreign Financial Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Central Bank And Government Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 2,264,534 |
Available for sale investments fair value | 2,262,801 |
Available for sale investments unrealized profit | 8,503 |
Available for sale investments unrealized loss | (10,235) |
Chilean Central Bank And Government Securities [Member] | Due Within 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 2,264,534 |
Available for sale investments fair value | 2,262,801 |
Available for sale investments unrealized profit | 8,503 |
Available for sale investments unrealized loss | (10,235) |
Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 816,164 |
Available for sale investments fair value | 816,331 |
Available for sale investments unrealized profit | 5,513 |
Available for sale investments unrealized loss | (5,346) |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | Due Within 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 816,164 |
Available for sale investments fair value | 816,331 |
Available for sale investments unrealized profit | 5,513 |
Available for sale investments unrealized loss | (5,346) |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Bonds [Member] | More Than 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 330,923 |
Available for sale investments fair value | 330,952 |
Available for sale investments unrealized profit | 30 |
Available for sale investments unrealized loss | (1) |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | Due Within 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 330,923 |
Available for sale investments fair value | 330,952 |
Available for sale investments unrealized profit | 30 |
Available for sale investments unrealized loss | (1) |
Chilean Central Bank And Government Securities [Member] | Chilean Central Bank Notes [Member] | More Than 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss | |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 1,117,447 |
Available for sale investments fair value | 1,115,518 |
Available for sale investments unrealized profit | 2,960 |
Available for sale investments unrealized loss | (4,888) |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | Due Within 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | 1,117,447 |
Available for sale investments fair value | 1,115,518 |
Available for sale investments unrealized profit | 2,960 |
Available for sale investments unrealized loss | (4,888) |
Chilean Central Bank And Government Securities [Member] | Other Chilean Central Bank And Government Securities [Member] | More Than 1 Year [Member] | |
Disclosure of financial assets [line items] | |
Available for sale investments acquisition cost | |
Available for sale investments fair value | |
Available for sale investments unrealized profit | |
Available for sale investments unrealized loss |
DEBT INSTRUMENTS AT FAIR VALU_8
DEBT INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (Details Narrative) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Available for sale investments | $ 2,574,546 | |
Other comprehensive income, net of tax, available-for-sale financial assets | $ 6,424 | 1,855 |
Bank maintains guarantees amount | 98,832 | 33,711 |
Total Attributable To Shareholders Of The Bank [Member] | ||
Disclosure of financial assets [line items] | ||
Other comprehensive income, net of tax, available-for-sale financial assets | 5,114 | 459 |
Non-controlling Interest [Member] | ||
Disclosure of financial assets [line items] | ||
Other comprehensive income, net of tax, available-for-sale financial assets | 1,310 | 1,396 |
Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 27,673 | |
Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 284,072 | |
Securities Sold Under Repurchase Agreements [Member] | Other Chilean Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 1,156 | |
Securities Sold Under Repurchase Agreements [Member] | Foreign Financial Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 24,910 | |
Chilean Central Bank And Government Securities [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 2,262,801 | |
Chilean Central Bank And Government Securities [Member] | Securities Sold Under Repurchase Agreements [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 241,995 | |
Comder Contraparte Central S.A. [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | 48,081 | 42,910 |
London Clearing House (LCH) [Member] | ||
Disclosure of financial assets [line items] | ||
Available for sale investments | $ 58,892 | $ 48,106 |
INVESTMENTS IN ASSOCIATES AND_3
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Details) - CLP ($) $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||||
Disclosure of associates [line items] | |||||||
Investment value | $ 32,003 | $ 27,585 | $ 23,780 | $ 20,309 | |||
Profit and loss | $ 5,095 | $ 3,963 | $ 3,012 | ||||
Redbanc S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | 33.43% | 33.43% | 33.43% | ||||
Investment value | $ 2,822 | $ 2,537 | |||||
Profit and loss | $ 285 | $ 353 | $ 373 | ||||
Transbank S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | [1] | 25.00% | 25.00% | 25.00% | |||
Investment value | $ 17,651 | $ 14,534 | |||||
Profit and loss | $ 3,118 | $ 2,024 | $ 1,302 | ||||
Centro de Compensacion Automatizado S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | 33.33% | 33.33% | 33.33% | ||||
Investment value | $ 1,894 | $ 1,589 | |||||
Profit and loss | $ 305 | $ 236 | $ 248 | ||||
Sociedad Interbancaria de Deposito de Valores S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | 29.29% | 29.29% | 29.29% | ||||
Investment value | $ 1,233 | $ 1,087 | |||||
Profit and loss | $ 223 | $ 235 | $ 195 | ||||
Camara de Compensacion de Alto Valor S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | [2],[3],[4] | 15.00% | 15.00% | 14.93% | |||
Investment value | [2],[3],[4] | $ 945 | $ 909 | ||||
Profit and loss | [2],[3],[4] | $ 58 | $ 66 | $ 98 | |||
Administrador Financiero del Transantiago S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | 20.00% | 20.00% | 20.00% | ||||
Investment value | $ 3,680 | $ 3,098 | |||||
Profit and loss | $ 582 | $ 317 | $ 230 | ||||
Sociedad Nexus S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | 12.90% | 12.90% | 12.90% | ||||
Investment value | $ 2,279 | $ 1,911 | |||||
Profit and loss | $ 368 | $ 442 | $ 247 | ||||
Servicios de Infraestructura de Mercado OTC S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Ownership interest | [2],[3] | 12.48% | 12.48% | 12.07% | |||
Investment value | [2],[3] | $ 1,491 | $ 1,489 | ||||
Profit and loss | [2],[3] | 57 | 115 | [4] | $ 132 | [4] | |
Associated Companies [Member] | |||||||
Disclosure of associates [line items] | |||||||
Investment value | 31,995 | 27,154 | |||||
Profit and loss | 4,996 | 3,788 | 2,825 | ||||
Bladex [Member] | |||||||
Disclosure of associates [line items] | |||||||
Investment value | 136 | ||||||
Profit and loss | 19 | 25 | 26 | ||||
Stock Exchanges [Member] | |||||||
Disclosure of associates [line items] | |||||||
Investment value | 287 | ||||||
Profit and loss | 148 | 150 | 161 | ||||
Others [Member] | |||||||
Disclosure of associates [line items] | |||||||
Investment value | 8 | 8 | |||||
Profit and loss | $ (68) | ||||||
[1] | The Bank has given a mandate to third party to exercise its rights as shareholder in Transbank. | ||||||
[2] | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA" and "Market infrastructure services OTC S,A". the Bank's share in those companies increased to 14.93% and 12.07% respectively. | ||||||
[3] | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA'' and "Servicios de Infraestructura de Mercado OTC S,A", the Banks share in those companies increased to 14.84% and 11.93% respectively. | ||||||
[4] | In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies "Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA", the Banks share increased to 15.00%. |
INVESTMENTS IN ASSOCIATES AND_4
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Details 1) $ in Millions | Dec. 31, 2018CLP ($) |
Disclosure of associates [line items] | |
Investment value | $ 483 |
Bladex [Member] | |
Disclosure of associates [line items] | |
Investment value | 329 |
Stock Exchanges [Member] | |
Disclosure of associates [line items] | |
Investment value | $ 154 |
INVESTMENTS IN ASSOCIATES AND_5
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Details 2) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates [line items] | |||
Assets | $ 1,024,702 | $ 962,537 | $ 858,762 |
Liabilities | 900,751 | 843,284 | 754,547 |
Equity | 105,202 | 102,607 | 91,669 |
Net income for the year | 18,749 | 16,646 | 12,546 |
Centro de Compensacion Automatizado S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 7,073 | 6,871 | 5,508 |
Liabilities | 1,480 | 2,174 | 1,523 |
Equity | 4,677 | 3,989 | 3,241 |
Net income for the year | 916 | 708 | 744 |
Redbanc S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 20,825 | 21,235 | 19,927 |
Liabilities | 12,469 | 13,751 | 13,505 |
Equity | 7,505 | 6,428 | 5,307 |
Net income for the year | 851 | 1,056 | 1,115 |
Transbank S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 904,558 | 822,487 | 710,475 |
Liabilities | 835,200 | 765,683 | 660,957 |
Equity | 56,888 | 48,709 | 44,309 |
Net income for the year | 12,470 | 8,095 | 5,209 |
Sociedad Interbancaria de Deposito de Valores S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 4,392 | 3,720 | 3,204 |
Liabilities | 230 | 60 | 103 |
Equity | 3,400 | 2,858 | 2,435 |
Net income for the year | 762 | 802 | 666 |
Sociedad Nexus S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 35 | 32,669 | 30,038 |
Liabilities | 18 | 18,888 | 19,229 |
Equity | 14 | 10,354 | 8,898 |
Net income for the year | 3 | 3,427 | 1,911 |
Servicios de Infraestructura de Mercado OTC S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 25,273 | 17,913 | 29,258 |
Liabilities | 13,313 | 6,414 | 18,258 |
Equity | 11,506 | 10,963 | 9,906 |
Net income for the year | 454 | 536 | 1,094 |
Administrador Financiero del Transantiago S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 55,818 | 51,304 | 54,253 |
Liabilities | 37,419 | 35,814 | 40,345 |
Equity | 15,490 | 13,907 | 12,758 |
Net income for the year | 2,909 | 1,583 | 1,150 |
Camara de Compensacion de Alto Valor S.A. [Member] | |||
Disclosure of associates [line items] | |||
Assets | 6,728 | 6,338 | 6,099 |
Liabilities | 622 | 500 | 627 |
Equity | 5,722 | 5,399 | 4,815 |
Net income for the year | $ 384 | $ 439 | $ 657 |
INVESTMENTS IN ASSOCIATES AND_6
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Details 3) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Investments In Associates And Other Companies | ||||
Opening balance as of January 1, | $ 27,585 | $ 23,780 | $ 20,309 | |
Acquisition of investments (*) | [1] | 3 | 1,123 | |
Sale of investments | ||||
Participation in income | 5,095 | 3,963 | 3,012 | |
Dividends received | (38) | (116) | (217) | |
Other equity adjustments | (639) | (45) | (447) | |
Total | $ 32,003 | $ 27,585 | $ 23,780 | |
[1] | See reference. part a) of this note. |
INVESTMENTS IN ASSOCIATES AND_7
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Details Narrative) | 1 Months Ended | 3 Months Ended | |
Feb. 28, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |
Sociedad Operadora de la Camara de Compensacion de pagos de Alto Valor SA [Member] | |||
Disclosure of associates [line items] | |||
Ownership interest | 15.00% | 14.84% | 14.93% |
Servicios de Market Infrastructure OTC SA [Member] | |||
Disclosure of associates [line items] | |||
Ownership interest | 11.93% | 12.07% |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ 66,923 | $ 63,219 | $ 58,085 |
Gross Carrying Amount [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 353,044 | 325,047 | 297,713 |
Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (286,121) | $ (261,828) | (239,628) |
Licenses [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Years of useful life | P3Y | P3Y | |
Average remaining useful life | 1 year | 1 year | |
Net balance | $ 976 | $ 1,200 | |
Licenses [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 10,932 | 10,932 | 10,932 |
Licenses [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (9,956) | $ (9,732) | (9,276) |
Software development [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Years of useful life | P3Y | P3Y | |
Average remaining useful life | 2 years | 2 years | |
Net balance | $ 65,947 | $ 62,019 | |
Software development [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | 342,112 | 314,115 | 286,781 |
Software development [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net balance | $ (276,165) | $ (252,096) | $ (230,352) |
INTANGIBLE ASSETS (Details 1)
INTANGIBLE ASSETS (Details 1) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | $ 63,219 | $ 58,085 |
Balances at end | 66,923 | 63,219 |
Licenses [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | 1,200 | |
Balances at end | 976 | 1,200 |
Software development [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | 62,019 | |
Balances at end | 65,947 | 62,019 |
Gross Carrying Amount [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | 325,047 | 297,713 |
Acquisitions | 29,563 | 32,624 |
Disposals and impairment | (5,290) | |
Other | (1,566) | |
Balances at end | 353,044 | 325,047 |
Gross Carrying Amount [Member] | Licenses [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | 10,932 | 10,932 |
Acquisitions | ||
Disposals and impairment | ||
Other | ||
Balances at end | 10,932 | 10,932 |
Gross Carrying Amount [Member] | Software development [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | 314,115 | 286,781 |
Acquisitions | 29,563 | 32,624 |
Disposals and impairment | (5,290) | |
Other | (1,566) | |
Balances at end | 342,112 | 314,115 |
Accumulated Depreciation and Amortisation [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | (261,828) | (239,628) |
Year's amortization | (24,293) | (22,200) |
Other | ||
Balances at end | (286,121) | (261,828) |
Accumulated Depreciation and Amortisation [Member] | Licenses [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | (9,732) | (9,276) |
Year's amortization | (224) | (456) |
Other | ||
Balances at end | (9,956) | (9,732) |
Accumulated Depreciation and Amortisation [Member] | Software development [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Balances at beginning | (252,096) | (230,352) |
Year's amortization | (24,069) | (21,744) |
Other | ||
Balances at end | $ (276,165) | $ (252,096) |
PROPERTY, PLANT, AND EQUIPMEN_2
PROPERTY, PLANT, AND EQUIPMENT (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | $ 253,586 | $ 242,547 | $ 257,379 |
Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 599,428 | 533,478 | 493,001 |
Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | (345,842) | (290,931) | (235,622) |
Land and Buildings [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 176,957 | 159,352 | 169,809 |
Land and Buildings [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 309,385 | 274,079 | 264,016 |
Land and Buildings [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | (132,428) | (114,727) | (94,207) |
Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 58,202 | 63,516 | 66,506 |
Equipment [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 217,958 | 193,689 | 168,124 |
Equipment [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | (159,756) | (130,173) | (101,618) |
Ceded Under Operating Leases [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 4,221 | 4,221 | 4,230 |
Ceded Under Operating Leases [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 4,888 | 4,888 | 4,888 |
Ceded Under Operating Leases [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | (667) | (667) | (658) |
Other [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 14,206 | 15,458 | 16,834 |
Other [Member] | Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | 67,197 | 60,822 | 55,973 |
Other [Member] | Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total | $ (52,991) | $ (45,364) | $ (39,139) |
PROPERTY, PLANT, AND EQUIPMEN_3
PROPERTY, PLANT, AND EQUIPMENT (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | $ 242,547 | $ 257,379 | |
Impairment due to damage | 39 | 5,644 | $ 234 |
Balances at end | 253,586 | 242,547 | 257,379 |
Land and Buildings [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 159,352 | 169,809 | |
Balances at end | 176,957 | 159,352 | 169,809 |
Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 63,516 | 66,506 | |
Balances at end | 58,202 | 63,516 | 66,506 |
Ceded Under Operating Leases [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 4,221 | 4,230 | |
Balances at end | 4,221 | 4,221 | 4,230 |
Other [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 15,458 | 16,834 | |
Balances at end | 14,206 | 15,458 | 16,834 |
Gross Carrying Amount [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 533,478 | 493,001 | |
Additions | 68,329 | 58,772 | |
Disposals | (6,297) | (17,941) | |
Impairment due to damage | (39) | (354) | |
Other | 3,956 | ||
Balances at end | 599,428 | 533,478 | 493,001 |
Gross Carrying Amount [Member] | Land and Buildings [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 274,079 | 264,016 | |
Additions | 35,369 | 27,592 | |
Disposals | (63) | (17,529) | |
Impairment due to damage | |||
Other | |||
Balances at end | 309,385 | 274,079 | 264,016 |
Gross Carrying Amount [Member] | Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 193,689 | 168,124 | |
Additions | 28,438 | 26,278 | |
Disposals | (4,130) | (359) | |
Impairment due to damage | (39) | (354) | |
Other | |||
Balances at end | 217,958 | 193,689 | 168,124 |
Gross Carrying Amount [Member] | Ceded Under Operating Leases [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 4,888 | 4,888 | |
Additions | |||
Disposals | |||
Impairment due to damage | |||
Other | |||
Balances at end | 4,888 | 4,888 | 4,888 |
Gross Carrying Amount [Member] | Other [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | 60,822 | 55,973 | |
Additions | 4,522 | 4,902 | |
Disposals | (2,104) | (53) | |
Impairment due to damage | |||
Other | 3,956 | ||
Balances at end | 67,197 | 60,822 | 55,973 |
Accumulated Depreciation and Amortisation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | (290,931) | (235,622) | |
Additions | (54,987) | (55,623) | |
Disposals | 77 | 313 | |
Impairment due to damage | |||
Other | |||
Balances at end | (345,842) | (290,931) | (235,622) |
Accumulated Depreciation and Amortisation [Member] | Land and Buildings [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | (114,727) | (94,207) | |
Additions | (17,704) | (20,744) | |
Disposals | 3 | 224 | |
Impairment due to damage | |||
Other | |||
Balances at end | (132,428) | (114,727) | (94,207) |
Accumulated Depreciation and Amortisation [Member] | Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | (130,173) | (101,618) | |
Additions | (29,623) | (28,592) | |
Disposals | 40 | 38 | |
Impairment due to damage | |||
Other | |||
Balances at end | (159,756) | (130,173) | (101,618) |
Accumulated Depreciation and Amortisation [Member] | Ceded Under Operating Leases [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | (667) | (658) | |
Additions | (9) | ||
Disposals | |||
Impairment due to damage | |||
Other | |||
Balances at end | (667) | (667) | (658) |
Accumulated Depreciation and Amortisation [Member] | Other [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balances at beginning | (45,364) | (39,139) | |
Additions | (7,660) | (6,277) | |
Disposals | 34 | 51 | |
Impairment due to damage | |||
Other | |||
Balances at end | $ (52,991) | $ (45,364) | $ (39,139) |
PROPERTY, PLANT, AND EQUIPMEN_4
PROPERTY, PLANT, AND EQUIPMENT (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | $ 4,950 | $ 4,244 |
Due Within 1 Year [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 469 | 567 |
Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 882 | 749 |
Due After 2 Years But Within 3 years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 469 | 480 |
Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 460 | 348 |
Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 428 | 308 |
Due After 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | $ 2,242 | $ 1,792 |
PROPERTY, PLANT, AND EQUIPMEN_5
PROPERTY, PLANT, AND EQUIPMENT (Details 3) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | $ 173,602 | $ 145,465 |
Due Within 1 Year [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 25,702 | 26,059 |
Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 24,692 | 21,343 |
Due After 2 Years But Within 3 years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 22,439 | 18,091 |
Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 19,574 | 15,736 |
Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | 17,250 | 12,734 |
Due After 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Total | $ 63,945 | $ 51,502 |
CURRENT AND DEFERRED TAXES (Det
CURRENT AND DEFERRED TAXES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Summary of current tax liabilities (assets) | |||||
Current tax (assets) | |||||
Current tax liabilities | 8,093 | 6,435 | |||
Total tax payable (recoverable) | 8,093 | 6,435 | |||
(Assets) liabilities current taxes detail (net) | |||||
Income tax, tax rate | 196,527 | [1] | 145,112 | [1] | $ 145,963 |
Minus: | |||||
Provisional monthly payments | (186,060) | (136,562) | |||
Credit for training expenses | (1,937) | (1,768) | |||
Land taxes leasing | |||||
Grant credits | (1,320) | (968) | |||
Other | 883 | 621 | |||
Total tax payable | $ 8,093 | $ 6,435 | |||
[1] | The tax rate is 27,0% for 2018 and 25,5% for 2017 |
CURRENT AND DEFERRED TAXES (D_2
CURRENT AND DEFERRED TAXES (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Income tax expense | |||||
Current tax | $ 196,527 | [1] | $ 145,112 | [1] | $ 145,963 |
Credits (debits) for deferred taxes | |||||
Origination and reversal of temporary differences | (25,517) | (6,751) | (37,269) | ||
Valuation provision | (56) | 5,955 | |||
Subtotals | 170,954 | 144,316 | 108,694 | ||
Tax for rejected expenses (Article No,21) | 1,110 | 610 | 336 | ||
Other | (4,920) | 105 | 1 | ||
Net charges for income tax expense | $ 167,144 | $ 145,031 | $ 109,031 | ||
[1] | The tax rate is 27,0% for 2018 and 25,5% for 2017 |
CURRENT AND DEFERRED TAXES (D_3
CURRENT AND DEFERRED TAXES (Details 2) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Current And Deferred Taxes | ||||
Tax calculated over profit before tax | $ 207,046 | $ 183,671 | $ 140,991 | |
Price level restatement for tax purposes | [1] | (39,494) | (21,829) | (32,256) |
Single penalty tax (rejected expenses) | 1,110 | 610 | 336 | |
Effect of tax reform changes on deferred tax | [2] | (20,600) | 86 | |
Real estate taxes | ||||
Other | (1,518) | 3,179 | (126) | |
Effective rates and expenses for income tax | $ 167,144 | $ 145,031 | $ 109,031 | |
Tax calculated over profit before tax | 27.00% | 25.50% | 24.00% | |
Price level restatement for tax purposes | [1] | (5.15%) | (3.03%) | (5.49%) |
Single penalty tax (rejected expenses) | 0.14% | 0.08% | 0.06% | |
Effect of tax reform changes on deferred tax | [2] | 0.00% | (2.86%) | 0.01% |
Real estate taxes | 0.00% | 0.00% | 0.00% | |
Other | (0.20%) | 0.44% | (0.02%) | |
Effective rates and expenses for income tax | 21.80% | 20.13% | 18.56% | |
[1] | Price level restatement on tax purpose capital. | |||
[2] | In accordance with Chilean Law N 20.780 published in September 29, 2014 the income tax rate are 25.5% and 27% for 2017 and 2018 respectively. |
CURRENT AND DEFERRED TAXES (D_4
CURRENT AND DEFERRED TAXES (Details 3) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Deferred tax assets | ||
Available for sale investments | $ 368 | |
Debt instruments at FVOCI | 1,166 | |
Cash flow hedges | 65 | 908 |
Total deferred tax assets recognised through other comprehensive income | 1,231 | 1,276 |
Deferred tax liabilities | ||
Available for sale investments | (841) | |
Debt instruments at FVOCI | (2,976) | |
Cash flow hedges | (2,711) | |
Total deferred tax liabilities recognised through other comprehensive income | (5,687) | (841) |
Net deferred tax balances in equity | (4,456) | (435) |
Deferred taxes in equity attributable to shareholders of the Bank | (4,102) | 791 |
Deferred tax in equity attributable to non-controlling interests | $ (354) | $ (356) |
CURRENT AND DEFERRED TAXES (D_5
CURRENT AND DEFERRED TAXES (Details 4) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Deferred tax assets | ||
Interests and adjustments | $ 9,384 | $ 8,645 |
Non-recurring charge-offs | 13,389 | 11,651 |
Assets received in lieu of payment | 785 | 1,582 |
Exchange rate adjustments | 1,675 | 882 |
Property, plant and equipment valuation | 6,138 | 4,410 |
Allowance for loan losses | 184,488 | 160,359 |
Provision for expenses | 63,134 | 73,518 |
Derivatives | 3,924 | 5,249 |
Leased assets | 107,897 | 98,090 |
Subsidiaries tax losses | 5,314 | 5,277 |
Prepaid expenses | 156 | 151 |
Total deferred tax assets | 396,284 | 369,814 |
Deferred tax liabilities | ||
Valuation of investments | (42) | (1,911) |
Prepaid expenses | (349) | |
Depreciation | (532) | |
Valuation provision | (5,989) | (5,955) |
Exchange rate adjustments | (3,383) | |
Other | (20) | (432) |
Total deferred tax liabilities | $ (9,783) | $ (8,830) |
CURRENT AND DEFERRED TAXES (D_6
CURRENT AND DEFERRED TAXES (Details 5) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Deferred tax assets | ||
Recognised through other comprehensive income | $ 1,231 | $ 1,276 |
Recognised through profit or loss | 396,284 | 369,814 |
Total deferred tax assets | 397,515 | 371,091 |
Deferred tax liabilities | ||
Recognised through other comprehensive income | (5,687) | (841) |
Recognised through profit or loss | (9,783) | (8,830) |
Total deferred tax liabilities | $ (15,470) | $ (9,663) |
CURRENT AND DEFERRED TAXES (D_7
CURRENT AND DEFERRED TAXES (Details Narrative) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current And Deferred Taxes | |||
Tax rate | 27.00% | 25.50% | 24.00% |
OTHER ASSETS (Details)
OTHER ASSETS (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Other Assets | |||
Assets for leasing | [1] | $ 47,486 | $ 48,099 |
Assets received or awarded in lieu of payment | |||
Assets received in lieu of payment | 17,525 | 20,904 | |
Assets awarded at judicial sale | 21,524 | 24,800 | |
Provision on assets received in lieu of payment or awarded | 723 | 1,440 | |
Subtotal | 38,326 | 44,264 | |
Other assets | |||
Guarantee deposits (margin accounts) | [2] | 170,232 | 323,767 |
Gold investments | 522 | 478 | |
VAT credit | 9,097 | 9,570 | |
Income tax recoverable | 1,756 | 1,381 | |
Prepaid expenses | 477,819 | 116,512 | |
Assets recovered from leasing for sale | 6,848 | 4,235 | |
Valuation adjustments by macrohedge | 9,414 | 160 | |
Pension plan assets | 846 | 921 | |
Accounts and notes receivable | 59,511 | 59,574 | |
Notes receivable through brokerage and simultaneous transactions | 71,382 | 68,272 | |
Other receivable assets | 48,612 | 53,500 | |
Other assets | [3] | 49,365 | 33,677 |
Subtotal | 905,404 | 672,047 | |
Total | $ 991,216 | $ 764,410 | |
[1] | Assets available to be granted under the financial leasing agreements. | ||
[2] | Guarantee deposits (margin accounts) correspond to collateral associated with derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. | ||
[3] | Other assets mainly include settlement of derivatives and other financial transactions. |
TIME DEPOSITS AND OTHER TIME _3
TIME DEPOSITS AND OTHER TIME LIABILITIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits and other demand liabilities | ||
Checking accounts | $ 6,794,132 | $ 6,272,656 |
Other deposits and demand accounts | 709,711 | 590,221 |
Other demand liabilities | 1,237,574 | 905,289 |
Total | 8,741,417 | 7,768,166 |
Time deposits and other time liabilities | ||
Time deposits | 12,944,846 | 11,792,466 |
Time savings account | 118,587 | 116,179 |
Other time liabilities | 4,386 | 5,300 |
Total | $ 13,067,819 | $ 11,913,945 |
INTERBANK BORROWINGS (Details)
INTERBANK BORROWINGS (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | $ 1,788,626 | $ 1,698,357 |
Loans From Financial Institutions And The Central Bank Of Chile [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 5 | |
Loans From Financial Institutions And The Central Bank Of Chile [Member] | Borrowings And Other Obligations [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 5 | |
Loans From Domestic Financial Institutions [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 480 | |
Loans From Foreign Financial Institutions [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,787,943 | 1,554,071 |
Loans From Foreign Financial Institutions [Member] | Bank Of America N.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 338,906 | 228,309 |
Loans From Foreign Financial Institutions [Member] | Sumitomo Mitsui Banking Corporation [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 278,761 | 259,199 |
Loans From Foreign Financial Institutions [Member] | Citibank N.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 241,041 | 191,494 |
Loans From Foreign Financial Institutions [Member] | Mizuho Bank Ltd. NY. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 223,829 | 215,967 |
Loans From Foreign Financial Institutions [Member] | Wells Fargo Bank N.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 216,749 | 235,058 |
Loans From Foreign Financial Institutions [Member] | The Bank of Nova Scotia [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 163,927 | 86,419 |
Loans From Foreign Financial Institutions [Member] | The Bank of New York Mellon [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 69,921 | 30,839 |
Loans From Foreign Financial Institutions [Member] | Corporacion Andina De Fomento [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 52,371 | |
Loans From Foreign Financial Institutions [Member] | Standard Chartered Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 50,960 | 225,966 |
Loans From Foreign Financial Institutions [Member] | Barclays Bank PLC London [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 34,965 | 30,886 |
Loans From Foreign Financial Institutions [Member] | HSBC Bank Plc NY [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 34,936 | 30,875 |
Loans From Foreign Financial Institutions [Member] | Wachovia Bank, NA [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33,499 | |
Loans From Foreign Financial Institutions [Member] | Banco Santander Brasil S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 8,040 | 5,225 |
Loans From Foreign Financial Institutions [Member] | Bank of China [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 7,777 | 831 |
Loans From Foreign Financial Institutions [Member] | Banco Santander - Hong Kong [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 6,047 | 8,341 |
Loans From Foreign Financial Institutions [Member] | Deutsche Bank A.G. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 5,558 | 157 |
Loans From Foreign Financial Institutions [Member] | Bnp Paribas, Hong Kong Branch [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 3,554 | |
Loans From Foreign Financial Institutions [Member] | Keb Hana Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 2,318 | 396 |
Loans From Foreign Financial Institutions [Member] | Rabobank, Hong Kong Branch [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,548 | |
Loans From Foreign Financial Institutions [Member] | Hong Kong and Shanghai Banking [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,300 | 222 |
Loans From Foreign Financial Institutions [Member] | Banco Santander Central Hispano [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,295 | 312 |
Loans From Foreign Financial Institutions [Member] | Unicredito Italiano [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,117 | 264 |
Loans From Foreign Financial Institutions [Member] | Bank of Tokyo Mitsubishi [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,032 | 453 |
Loans From Foreign Financial Institutions [Member] | Banco Bilbao Vizcaya Argentaria [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 888 | |
Loans From Foreign Financial Institutions [Member] | Standard Chartered Bank Malays [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 843 | |
Loans From Foreign Financial Institutions [Member] | Dexia Bank SA [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 789 | |
Loans From Foreign Financial Institutions [Member] | Banque Bruxelles Lambert S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 509 | |
Loans From Foreign Financial Institutions [Member] | Hsbc Bank Usa [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 394 | 38 |
Loans From Foreign Financial Institutions [Member] | Shinhan Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 380 | 394 |
Loans From Foreign Financial Institutions [Member] | United Bank of India [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 378 | |
Loans From Foreign Financial Institutions [Member] | Woori Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 356 | 105 |
Loans From Foreign Financial Institutions [Member] | State Bank of India [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 331 | 110 |
Loans From Foreign Financial Institutions [Member] | Banca Commerciale Italiana S.P. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 288 | 31 |
Loans From Foreign Financial Institutions [Member] | Shanghai Pudong Development [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 237 | |
Loans From Foreign Financial Institutions [Member] | Banco de Galicia Y Buenos Aires [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 231 | |
Loans From Foreign Financial Institutions [Member] | Bank of East Asia, Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 205 | 241 |
Loans From Foreign Financial Institutions [Member] | First Union National Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 201 | 35 |
Loans From Foreign Financial Institutions [Member] | Industrial Bank of Korea [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 195 | |
Loans From Foreign Financial Institutions [Member] | Canara Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 237 | 224 |
Loans From Foreign Financial Institutions [Member] | Banca Monte dei Paschi di Siena [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 179 | 162 |
Loans From Foreign Financial Institutions [Member] | Metropolitan Bank Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 170 | 87 |
Loans From Foreign Financial Institutions [Member] | Hua Nan Commercial Bank Ltd. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 164 | 349 |
Loans From Foreign Financial Institutions [Member] | Credit Lyonnais [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 139 | |
Loans From Foreign Financial Institutions [Member] | Bank of Shanghai [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 134 | |
Loans From Foreign Financial Institutions [Member] | Bank of Taiwan [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 127 | 136 |
Loans From Foreign Financial Institutions [Member] | Agricultural Bank of China [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 106 | 295 |
Loans From Foreign Financial Institutions [Member] | Akbank T,A,S, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 106 | |
Loans From Foreign Financial Institutions [Member] | Credit Agricole [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 106 | |
Loans From Foreign Financial Institutions [Member] | Banco Bradesco S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 89 | |
Loans From Foreign Financial Institutions [Member] | Oriental Bank of Commerce [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 87 | |
Loans From Foreign Financial Institutions [Member] | Kookmin Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 78 | 201 |
Loans From Foreign Financial Institutions [Member] | Banca Nazionale Del Lavoro S,P [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 77 | |
Loans From Foreign Financial Institutions [Member] | Hsbc Bank Middle East [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 77 | |
Loans From Foreign Financial Institutions [Member] | International Commercial Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 70 | 221 |
Loans From Foreign Financial Institutions [Member] | Taiwan Cooperative Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 66 | 159 |
Loans From Foreign Financial Institutions [Member] | Banca Lombarda E Piemontese S. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 60 | |
Loans From Foreign Financial Institutions [Member] | Hanvit Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 58 | 55 |
Loans From Foreign Financial Institutions [Member] | Bank of India [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 51 | |
Loans From Foreign Financial Institutions [Member] | Caixabank S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 44 | |
Loans From Foreign Financial Institutions [Member] | Fortis Bank S.A./N.V. Brussels [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 42 | 15 |
Loans From Foreign Financial Institutions [Member] | Banco de la Republica Oriental [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 41 | |
Loans From Foreign Financial Institutions [Member] | Bank of Baroda [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 37 | |
Loans From Foreign Financial Institutions [Member] | China Construccion Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 35 | 90 |
Loans From Foreign Financial Institutions [Member] | Banco Internacional S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33 | |
Loans From Foreign Financial Institutions [Member] | Joint Stock Commercial Bank Fo, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33 | |
Loans From Foreign Financial Institutions [Member] | Shanghai Commercial and Saving [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33 | |
Loans From Foreign Financial Institutions [Member] | Banistmo S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 32 | |
Loans From Foreign Financial Institutions [Member] | Banca Popolare Dell'Emilia Rom [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 31 | 53 |
Loans From Foreign Financial Institutions [Member] | Bank of Montreal [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 31 | 30 |
Loans From Foreign Financial Institutions [Member] | Raiffeisen Bank Polska S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 31 | |
Loans From Foreign Financial Institutions [Member] | Casa Di Risparmo De Padova E.R. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 30 | 56 |
Loans From Foreign Financial Institutions [Member] | Industrial And Commercial Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 30 | 119 |
Loans From Foreign Financial Institutions [Member] | Hdfc Bank Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 28 | |
Loans From Foreign Financial Institutions [Member] | Bankinter S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 24 | |
Loans From Foreign Financial Institutions [Member] | Kbc Bank Nv [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 23 | |
Loans From Foreign Financial Institutions [Member] | Banco Bpm SPA [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 21 | |
Loans From Foreign Financial Institutions [Member] | Cassa Di Risparmio In Bologna [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 21 | |
Loans From Foreign Financial Institutions [Member] | Banco De Sabadell S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 20 | |
Loans From Foreign Financial Institutions [Member] | Banco Commerzbank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 19 | |
Loans From Foreign Financial Institutions [Member] | Taiwan Business Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 19 | 19 |
Loans From Foreign Financial Institutions [Member] | Cajas Rurales Unidas [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 18 | |
Loans From Foreign Financial Institutions [Member] | Chang Hwa Commercial Bank Ltd. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 18 | 14 |
Loans From Foreign Financial Institutions [Member] | U,S. Bank Formerly First Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 18 | |
Loans From Foreign Financial Institutions [Member] | United World Chinese Commercia [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 15 | |
Loans From Foreign Financial Institutions [Member] | Banco Itau S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 14 | |
Loans From Foreign Financial Institutions [Member] | Mega International Commercial [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 9 | |
Loans From Foreign Financial Institutions [Member] | Banca Popolare Di Milano S,C,A [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 6 | |
Loans From Foreign Financial Institutions [Member] | Hang Seng Bank (China) Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 6 | |
Loans From Foreign Financial Institutions [Member] | Sumitono Mitsui [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 4 | |
Loans From Foreign Financial Institutions [Member] | Development Bank Of Singapore [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 3 | |
Loans From Foreign Financial Institutions [Member] | Abanca Corporacion Bancaria SA [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 60 | |
Loans From Foreign Financial Institutions [Member] | Australia And New Zealand Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 62 | |
Loans From Foreign Financial Institutions [Member] | Banca Delle Marche Spa [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 76 | |
Loans From Foreign Financial Institutions [Member] | Banco Bradesco S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 50 | |
Loans From Foreign Financial Institutions [Member] | Banco Caixa Geral. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33 | |
Loans From Foreign Financial Institutions [Member] | Banco Commerzbank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 145 | |
Loans From Foreign Financial Institutions [Member] | Banco de occidente [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 282 | |
Loans From Foreign Financial Institutions [Member] | Banco De Sabadell S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 10 | |
Loans From Foreign Financial Institutions [Member] | Banco Do Brasil S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 268 | |
Loans From Foreign Financial Institutions [Member] | Banco Internacional S,A, [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 33 | |
Loans From Foreign Financial Institutions [Member] | Banco Popolare Soc Coop [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 6 | |
Loans From Foreign Financial Institutions [Member] | Banco Popular Espanol S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 19 | |
Loans From Foreign Financial Institutions [Member] | Bancolombia S.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 94 | |
Loans From Foreign Financial Institutions [Member] | Bank Austria A.G. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 2,317 | |
Loans From Foreign Financial Institutions [Member] | Bank of Communications [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 93 | |
Loans From Foreign Financial Institutions [Member] | Bank Of Nova Scotia [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 112 | |
Loans From Foreign Financial Institutions [Member] | Banque Generale Du Luxembourg [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 207 | |
Loans From Foreign Financial Institutions [Member] | Cassa Di Risparmio Di Parma E [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 93 | |
Loans From Foreign Financial Institutions [Member] | Citic Industrial Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 39 | |
Loans From Foreign Financial Institutions [Member] | Corporacion Andina De Fomento [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 31,075 | |
Loans From Foreign Financial Institutions [Member] | European Investment Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 12,629 | |
Loans From Foreign Financial Institutions [Member] | Habib Bank Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 34 | |
Loans From Foreign Financial Institutions [Member] | Hang Seng Bank Ltd. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 39 | |
Loans From Foreign Financial Institutions [Member] | Hsbc Bank Plc [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 30,838 | |
Loans From Foreign Financial Institutions [Member] | Icici Bank Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 8 | |
Loans From Foreign Financial Institutions [Member] | J.P. Morgan Chase Bank N.A. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 154 | |
Loans From Foreign Financial Institutions [Member] | Kasikornbank Public Company Li. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 25 | |
Loans From Foreign Financial Institutions [Member] | Liu Chong Hing Bank Limited [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 21 | |
Loans From Foreign Financial Institutions [Member] | Mizuho Corporate Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 331 | |
Loans From Foreign Financial Institutions [Member] | Punjab National Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 47 | |
Loans From Foreign Financial Institutions [Member] | Shanghai Pudong Development [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 714 | |
Loans From Foreign Financial Institutions [Member] | Societe Generale [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 56 | |
Loans From Foreign Financial Institutions [Member] | Thai Military Bank Public Comp [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 377 | |
Loans From Foreign Financial Institutions [Member] | The Toronto-Dominion Bank [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 62,743 | |
Loans From Foreign Financial Institutions [Member] | Yapi Ve Kredi Bankasi A.S. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 155 | |
Loans From Foreign Financial Institutions [Member] | Zhejiang Commercial Bank Ltd. [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 175 | |
Loans from foreign financial institutions, continuacion [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 1,788,626 | 1,698,357 |
Loans from foreign financial institutions, continuacion [Member] | Subtotal [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | $ 683 | $ 143,801 |
INTERBANK BORROWINGS (Details 1
INTERBANK BORROWINGS (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | $ 1,788,626 | $ 1,698,357 |
Loans From Financial Institutions And The Central Bank Of Chile [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | 5 | |
Loans From Financial Institutions And The Central Bank Of Chile [Member] | Borrowings And Other Obligations [Member] | ||
Disclosure of financial liabilities [line items] | ||
Interbank borrowings | $ 5 |
INTERBANK BORROWINGS (Details 2
INTERBANK BORROWINGS (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | $ 1,788,626 | $ 1,698,357 |
Loans From Domestic Financial Institutions [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 480 | |
Loans From Domestic Financial Institutions [Member] | Due Within 1 Year [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 480 | |
Loans From Domestic Financial Institutions [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | ||
Loans From Domestic Financial Institutions [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | ||
Loans From Domestic Financial Institutions [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | ||
Loans From Domestic Financial Institutions [Member] | Due After 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings |
INTERBANK BORROWINGS (Details 3
INTERBANK BORROWINGS (Details 3) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | $ 1,788,626 | $ 1,698,357 |
Loans From Foreign Financial Institutions [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 1,787,943 | 1,554,071 |
Loans From Foreign Financial Institutions [Member] | Due Within 1 Year [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 1,648,955 | 1,477,318 |
Loans From Foreign Financial Institutions [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 139,671 | 185,519 |
Loans From Foreign Financial Institutions [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | 35,035 | |
Loans From Foreign Financial Institutions [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings | ||
Loans From Foreign Financial Institutions [Member] | Due After 5 Years [Member] | ||
Disclosure of amounts to be recovered or settled after twelve months for classes of assets and liabilities that contain amounts to be recovered or settled both no more and more than twelve months after reporting date [line items] | ||
Interbank borrowings |
ISSUED DEBT INSTRUMENTS AND O_3
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Subtotals | $ 215,400 | $ 242,030 |
Subtotals | 8,115,233 | 7,093,653 |
Issued debt instruments and other financial liabilities | 8,330,633 | 7,335,683 |
Mortgage Finance Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 25,490 | 34,479 |
Senior Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 7,198,865 | 6,186,760 |
Mortgage Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 94,921 | 99,222 |
Subordinated Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 795,957 | 773,192 |
Obligations To Public Sector [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 32,449 | 59,470 |
Other Domestic Obligations [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | 175,210 | 175,389 |
Foreign Obligations [Member] | ||
Disclosure of financial liabilities [line items] | ||
Subtotals | $ 7,741 | $ 7,171 |
ISSUED DEBT INSTRUMENTS AND O_4
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Issued debt instruments current | $ 856,562 | $ 350,401 |
Issued debt instruments non current | 7,258,671 | 6,743,252 |
Issued debt instruments | 8,115,233 | 7,093,653 |
Other financial liabilities current | 205,871 | 212,825 |
Other financial liabilities non current | 9,529 | 29,205 |
Other financial liabilities | 215,400 | 242,030 |
Issued debt instruments and other financial liabilities current | 1,062,433 | 563,226 |
Issued debt instruments and other financial liabilities non current | 7,268,200 | 6,772,457 |
Issued debt instruments and other financial liabilities | 8,330,633 | 7,335,683 |
Mortgage Finance Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments current | 6,830 | 8,691 |
Issued debt instruments non current | 18,660 | 25,788 |
Issued debt instruments | 25,490 | 34,479 |
Senior Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments current | 844,898 | 337,166 |
Issued debt instruments non current | 6,353,967 | 5,849,594 |
Issued debt instruments | 7,198,865 | 6,186,760 |
Mortgage Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments current | 4,833 | 4,541 |
Issued debt instruments non current | 90,088 | 94,681 |
Issued debt instruments | 94,921 | 99,222 |
Subordinated Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments current | 1 | 3 |
Issued debt instruments non current | 795,956 | 773,189 |
Issued debt instruments | $ 795,957 | $ 773,192 |
ISSUED DEBT INSTRUMENTS AND O_5
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 |
Mortgage Finance Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 25,490 | 34,479 |
Mortgage Finance Bonds [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 6,830 | 8,691 |
Mortgage Finance Bonds [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 5,946 | 6,744 |
Mortgage Finance Bonds [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 5,034 | 6,096 |
Mortgage Finance Bonds [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 3,997 | 5,155 |
Mortgage Finance Bonds [Member] | Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 2,480 | 4,101 |
Mortgage Finance Bonds [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 1,203 | $ 3,692 |
ISSUED DEBT INSTRUMENTS AND O_6
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 3) € in Millions, ¥ in Millions, SFr in Millions, $ in Millions, $ in Millions, $ in Millions, in Millions | Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018CLF ( ) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018AUD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | Dec. 31, 2017JPY (¥) | Dec. 31, 2017CLF ( ) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2017AUD ($) |
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 | ||||||||||||
Senior Bonds [Member] | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | 7,198,865 | 6,186,760 | ||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | | 4,095,741 | 3,542,006 | ||||||||||||
Senior Bonds [Member] | USD [Member] | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | $ 1,094,267 | $ 1,045,465 | ||||||||||||
Senior Bonds [Member] | Switzerland, Francs | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | SFr | SFr 386,979 | SFr 268,281 | ||||||||||||
Senior Bonds [Member] | Chile, Pesos | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | $ 1,291,900 | $ 1,135,527 | ||||||||||||
Senior Bonds [Member] | AUD | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | $ 24,954 | $ 14,534 | ||||||||||||
Senior Bonds [Member] | JPY [Member] | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | ¥ | ¥ 191,598 | ¥ 126,059 | ||||||||||||
Senior Bonds [Member] | EUR | ||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||
Issued debt instruments | € | € 113,426 | € 54,888 |
ISSUED DEBT INSTRUMENTS AND O_7
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 4) € in Millions, ¥ in Millions, SFr in Millions, $ in Millions, $ in Millions, $ in Millions, in Millions | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018CLF ( ) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018AUD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CLF ( ) | Dec. 31, 2017AUD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018CLF ( ) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018AUD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CLF ( ) | Dec. 31, 2017AUD ($) | |
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 241,467,084 | $ 177,224,139 | ||||||||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 1,000,000 | |||||||||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T9 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 5 | |||||||||||||||||||
Terms Years | P7Y | P7Y | P7Y | P7Y | ||||||||||||||||
Issuance rate (annual) | 2.60% | 2.60% | 2.60% | 2.60% | ||||||||||||||||
Series approval date | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | ||||||||||||||||
Series maximum amount | | 5 | |||||||||||||||||||
Maturity date | Mar. 1, 2024 | Mar. 1, 2024 | Mar. 1, 2024 | Mar. 1, 2024 | ||||||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T13 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 5 | |||||||||||||||||||
Terms Years | P9Y | P9Y | P9Y | P9Y | ||||||||||||||||
Issuance rate (annual) | 2.75% | 2.75% | 2.75% | 2.75% | ||||||||||||||||
Series approval date | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | ||||||||||||||||
Series maximum amount | | 5 | |||||||||||||||||||
Maturity date | Mar. 1, 2026 | Mar. 1, 2026 | Mar. 1, 2026 | Mar. 1, 2026 | ||||||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 23 | 10 | ||||||||||||||||||
Series maximum amount | | 30 | 10 | ||||||||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T1 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 4 | |||||||||||||||||||
Terms Years | P2Y | P2Y | P2Y | P2Y | P2Y | P2Y | P2Y | |||||||||||||
Issuance rate (annual) | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% | |||||||||||||
Series approval date | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | |||||||||||||
Series maximum amount | | 7 | |||||||||||||||||||
Maturity date | Jan. 2, 2020 | Jan. 2, 2020 | Jan. 2, 2020 | Jan. 2, 2020 | Jan. 2, 2020 | Jan. 2, 2020 | Jan. 2, 2020 | |||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T4 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 4 | |||||||||||||||||||
Terms Years | P3Y | P3Y | P3Y | P3Y | P3Y | P3Y | P3Y | |||||||||||||
Issuance rate (annual) | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% | |||||||||||||
Series approval date | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | |||||||||||||
Series maximum amount | | 8 | |||||||||||||||||||
Maturity date | Jan. 8, 2021 | Jan. 8, 2021 | Jan. 8, 2021 | Jan. 8, 2021 | Jan. 8, 2021 | Jan. 8, 2021 | Jan. 8, 2021 | |||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T11 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 5 | |||||||||||||||||||
Terms Years | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | |||||||||||||
Issuance rate (annual) | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% | |||||||||||||
Series approval date | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | |||||||||||||
Series maximum amount | | 5 | |||||||||||||||||||
Maturity date | Jan. 2, 2025 | Jan. 2, 2025 | Jan. 2, 2025 | Jan. 2, 2025 | Jan. 2, 2025 | Jan. 2, 2025 | Jan. 2, 2025 | |||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T12 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 5 | |||||||||||||||||||
Terms Years | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | |||||||||||||
Issuance rate (annual) | 2.70% | 2.70% | 2.70% | 2.70% | 2.70% | 2.70% | 2.70% | |||||||||||||
Series approval date | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | |||||||||||||
Series maximum amount | | 5 | |||||||||||||||||||
Maturity date | Jan. 8, 2025 | Jan. 8, 2025 | Jan. 8, 2025 | Jan. 8, 2025 | Jan. 8, 2025 | Jan. 8, 2025 | Jan. 8, 2025 | |||||||||||||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | T15 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | | 5 | |||||||||||||||||||
Terms Years | P11Y | P11Y | P11Y | P11Y | P11Y | P11Y | P11Y | |||||||||||||
Issuance rate (annual) | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | |||||||||||||
Series approval date | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | Jan. 2, 2016 | |||||||||||||
Series maximum amount | | 5 | |||||||||||||||||||
Maturity date | Jan. 8, 2028 | Jan. 8, 2028 | Jan. 8, 2028 | Jan. 8, 2028 | Jan. 8, 2028 | Jan. 8, 2028 | Jan. 8, 2028 | |||||||||||||
Senior Bonds [Member] | Chile, Pesos | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 12,890,000,000 | $ 10,990,000,000 | ||||||||||||||||||
Senior Bonds [Member] | Chile, Pesos | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 225,000 | 160,000 | ||||||||||||||||||
Series maximum amount | 300,000 | 300,000 | ||||||||||||||||||
Senior Bonds [Member] | Chile, Pesos | SD [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 60,000 | |||||||||||||||||||
Terms Years | P5Y | P5Y | P5Y | P5Y | ||||||||||||||||
Issuance rate (annual) | 5.50% | 5.50% | 5.50% | 5.50% | ||||||||||||||||
Series approval date | Jun. 1, 2014 | Jun. 1, 2014 | Jun. 1, 2014 | Jun. 1, 2014 | ||||||||||||||||
Series maximum amount | $ 200,000 | |||||||||||||||||||
Maturity date | Dec. 1, 2019 | Dec. 1, 2019 | Dec. 1, 2019 | Dec. 1, 2019 | ||||||||||||||||
Senior Bonds [Member] | Chile, Pesos | T16 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 100,000 | |||||||||||||||||||
Terms Years | P6Y | P6Y | P6Y | P6Y | ||||||||||||||||
Issuance rate (annual) | 5.20% | 5.20% | 5.20% | 5.20% | ||||||||||||||||
Series approval date | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | Feb. 1, 2016 | ||||||||||||||||
Series maximum amount | $ 100,000 | |||||||||||||||||||
Maturity date | Jan. 21, 2021 | Jan. 21, 2021 | Jan. 21, 2021 | Jan. 21, 2021 | ||||||||||||||||
Senior Bonds [Member] | Chile, Pesos | P5 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 75,000 | |||||||||||||||||||
Terms Years | P4Y | P4Y | P4Y | P4Y | P4Y | P4Y | P4Y | |||||||||||||
Issuance rate (annual) | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | |||||||||||||
Series approval date | May 3, 2015 | May 3, 2015 | May 3, 2015 | May 3, 2015 | May 3, 2015 | May 3, 2015 | May 3, 2015 | |||||||||||||
Series maximum amount | $ 150,000 | |||||||||||||||||||
Maturity date | Jan. 3, 2022 | Jan. 3, 2022 | Jan. 3, 2022 | Jan. 3, 2022 | Jan. 3, 2022 | Jan. 3, 2022 | Jan. 3, 2022 | |||||||||||||
Senior Bonds [Member] | Chile, Pesos | U4 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 75,000 | |||||||||||||||||||
Terms Years | P3Y4M24D | P3Y4M24D | P3Y4M24D | P3Y4M24D | P3Y4M24D | P3Y4M24D | P3Y4M24D | |||||||||||||
Description of Issuance rate (annual) | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | |||||||||||||
Series approval date | Oct. 1, 2017 | Oct. 1, 2017 | Oct. 1, 2017 | Oct. 1, 2017 | Oct. 1, 2017 | Oct. 1, 2017 | Oct. 1, 2017 | |||||||||||||
Series maximum amount | $ 75,000 | |||||||||||||||||||
Maturity date | Oct. 1, 2022 | Oct. 1, 2022 | Oct. 1, 2022 | Oct. 1, 2022 | Oct. 1, 2022 | Oct. 1, 2022 | Oct. 1, 2022 | |||||||||||||
Senior Bonds [Member] | Chile, Pesos | U3 [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 75,000 | |||||||||||||||||||
Terms Years | P2Y8M12D | P2Y8M12D | P2Y8M12D | P2Y8M12D | P2Y8M12D | P2Y8M12D | P2Y8M12D | |||||||||||||
Description of Issuance rate (annual) | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | ICP + 1.00% yearly | |||||||||||||
Series approval date | Nov. 6, 2018 | Nov. 6, 2018 | Nov. 6, 2018 | Nov. 6, 2018 | Nov. 6, 2018 | Nov. 6, 2018 | Nov. 6, 2018 | |||||||||||||
Series maximum amount | $ 75,000 | |||||||||||||||||||
Maturity date | Nov. 6, 2021 | Nov. 6, 2021 | Nov. 6, 2021 | Nov. 6, 2021 | Nov. 6, 2021 | Nov. 6, 2021 | Nov. 6, 2021 | |||||||||||||
Senior Bonds [Member] | USD [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 3,090,000 | $ 6,900,000 | ||||||||||||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 100 | $ 50 | ||||||||||||||||||
Terms Years | P10Y | P10Y | P10Y | P10Y | P10Y | P10Y | P10Y | P3Y | P3Y | P3Y | P3Y | |||||||||
Issuance rate (annual) | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% | |||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | ||||||||||||||||
Series approval date | Oct. 10, 2018 | Oct. 10, 2018 | Oct. 10, 2018 | Oct. 10, 2018 | Oct. 10, 2018 | Oct. 10, 2018 | Oct. 10, 2018 | Jul. 20, 2017 | Jul. 20, 2017 | Jul. 20, 2017 | Jul. 20, 2017 | |||||||||
Series maximum amount | $ 50 | $ 100 | ||||||||||||||||||
Maturity date | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Oct. 10, 2028 | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | |||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 50 | $ 20 | ||||||||||||||||||
Terms Years | P2Y | P2Y | P2Y | P2Y | P2Y | P2Y | P2Y | P3Y | P3Y | P3Y | P3Y | |||||||||
Description of Issuance rate (annual) | 0.0369 | 0.0369 | 0.0369 | 0.0369 | 0.0369 | 0.0369 | 0.0369 | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | |||||||||
Series approval date | Nov. 16, 2018 | Nov. 16, 2018 | Nov. 16, 2018 | Nov. 16, 2018 | Nov. 16, 2018 | Nov. 16, 2018 | Nov. 16, 2018 | Jul. 21, 2017 | Jul. 21, 2017 | Jul. 21, 2017 | Jul. 21, 2017 | |||||||||
Series maximum amount | $ 20 | $ 50 | ||||||||||||||||||
Maturity date | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Nov. 16, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | |||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 10 | |||||||||||||||||||
Terms Years | P3Y | P3Y | P3Y | P3Y | ||||||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | ||||||||||||||||
Series approval date | Jul. 24, 2017 | Jul. 24, 2017 | Jul. 24, 2017 | Jul. 24, 2017 | ||||||||||||||||
Series maximum amount | $ 50 | |||||||||||||||||||
Maturity date | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | Jul. 27, 2020 | ||||||||||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 10 | |||||||||||||||||||
Terms Years | P4Y | P4Y | P4Y | P4Y | ||||||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | Libor-USD 3M+0.80% | ||||||||||||||||
Series approval date | Aug. 23, 2017 | Aug. 23, 2017 | Aug. 23, 2017 | Aug. 23, 2017 | ||||||||||||||||
Series maximum amount | $ 10 | |||||||||||||||||||
Maturity date | Nov. 23, 2021 | Nov. 23, 2021 | Nov. 23, 2021 | Nov. 23, 2021 | ||||||||||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 10 | |||||||||||||||||||
Terms Years | P4Y | P4Y | P4Y | P4Y | ||||||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.83& | Libor-USD 3M+0.83& | Libor-USD 3M+0.83& | Libor-USD 3M+0.83& | ||||||||||||||||
Series approval date | Aug. 23, 2017 | Aug. 23, 2017 | Aug. 23, 2017 | Aug. 23, 2017 | ||||||||||||||||
Series maximum amount | $ 10 | |||||||||||||||||||
Maturity date | Nov. 23, 2021 | Nov. 23, 2021 | Nov. 23, 2021 | Nov. 23, 2021 | ||||||||||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 50 | |||||||||||||||||||
Terms Years | P3Y | P3Y | P3Y | P3Y | ||||||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.83% | Libor-USD 3M+0.83% | Libor-USD 3M+0.83% | Libor-USD 3M+0.83% | ||||||||||||||||
Series approval date | Sep. 14, 2017 | Sep. 14, 2017 | Sep. 14, 2017 | Sep. 14, 2017 | ||||||||||||||||
Series maximum amount | $ 50 | |||||||||||||||||||
Maturity date | Sep. 15, 2020 | Sep. 15, 2020 | Sep. 15, 2020 | Sep. 15, 2020 | ||||||||||||||||
Senior Bonds [Member] | USD [Member] | DN [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | 500 | |||||||||||||||||||
Terms Years | P3Y | P3Y | P3Y | P3Y | ||||||||||||||||
Description of Issuance rate (annual) | Libor-USD 3M+0.75% | Libor-USD 3M+0.75% | Libor-USD 3M+0.75% | Libor-USD 3M+0.75% | ||||||||||||||||
Series approval date | Dec. 12, 2017 | Dec. 12, 2017 | Dec. 12, 2017 | Dec. 12, 2017 | ||||||||||||||||
Series maximum amount | $ 500 | |||||||||||||||||||
Maturity date | Dec. 15, 2020 | Dec. 15, 2020 | Dec. 15, 2020 | Dec. 15, 2020 | ||||||||||||||||
Senior Bonds [Member] | USD [Member] | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 70 | $ 770 | ||||||||||||||||||
Series maximum amount | $ 70 | $ 770 | ||||||||||||||||||
Senior Bonds [Member] | AUD | Senior Bonds Related To AUD [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 20 | $ 30 | ||||||||||||||||||
Terms Years | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | P10Y | P10Y | P10Y | P10Y | |||||||||
Issuance rate (annual) | 3.56% | 3.96% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.96% | 3.96% | 3.96% | |||||||||
Series approval date | Nov. 13, 2018 | Nov. 13, 2018 | Nov. 13, 2018 | Nov. 13, 2018 | Nov. 13, 2018 | Nov. 13, 2018 | Nov. 13, 2018 | May 12, 2017 | May 12, 2017 | May 12, 2017 | May 12, 2017 | |||||||||
Series maximum amount | $ 20 | $ 30 | ||||||||||||||||||
Maturity date | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Nov. 13, 2023 | Dec. 12, 2027 | Dec. 12, 2027 | Dec. 12, 2027 | Dec. 12, 2027 | |||||||||
Senior Bonds [Member] | AUD | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | $ 20 | $ 30 | ||||||||||||||||||
Series maximum amount | $ 20 | $ 30 | ||||||||||||||||||
Senior Bonds [Member] | EUR | EUR [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | € | € 26 | |||||||||||||||||||
Terms Years | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | P7Y | |||||||||||||
Description of Issuance rate (annual) | 1.00% yearly | 1.00% yearly | 1.00% yearly | 1.00% yearly | 1.00% yearly | 1.00% yearly | 1.00% yearly | |||||||||||||
Series approval date | Apr. 5, 2018 | Apr. 5, 2018 | Apr. 5, 2018 | Apr. 5, 2018 | Apr. 5, 2018 | Apr. 5, 2018 | Apr. 5, 2018 | |||||||||||||
Series maximum amount | € | € 26 | |||||||||||||||||||
Maturity date | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | May 28, 2025 | |||||||||||||
Senior Bonds [Member] | EUR | EUR [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | € | 40 | |||||||||||||||||||
Terms Years | P12Y | P12Y | P12Y | P12Y | P12Y | P12Y | P12Y | |||||||||||||
Description of Issuance rate (annual) | 1.78% yearly | 1.78% yearly | 1.78% yearly | 1.78% yearly | 1.78% yearly | 1.78% yearly | 1.78% yearly | |||||||||||||
Series approval date | Aug. 6, 2018 | Aug. 6, 2018 | Aug. 6, 2018 | Aug. 6, 2018 | Aug. 6, 2018 | Aug. 6, 2018 | Aug. 6, 2018 | |||||||||||||
Series maximum amount | € | € 40 | |||||||||||||||||||
Maturity date | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | Jun. 15, 2030 | |||||||||||||
Senior Bonds [Member] | EUR | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | € | € 66 | |||||||||||||||||||
Series maximum amount | € | € 66 | |||||||||||||||||||
Senior Bonds [Member] | Switzerland, Francs | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | SFr | SFr 115 | |||||||||||||||||||
Series maximum amount | SFr | SFr 115 | |||||||||||||||||||
Senior Bonds [Member] | Switzerland, Francs | CHF [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | SFr | SFr 115 | |||||||||||||||||||
Terms Years | P5Y3M18D | P5Y3M18D | P5Y3M18D | P5Y3M18D | P5Y3M18D | P5Y3M18D | P5Y3M18D | |||||||||||||
Issuance rate (annual) | 0.441% | 0.441% | 0.441% | 0.441% | 0.441% | 0.441% | 0.441% | |||||||||||||
Series approval date | Sep. 21, 2018 | Sep. 21, 2018 | Sep. 21, 2018 | Sep. 21, 2018 | Sep. 21, 2018 | Sep. 21, 2018 | Sep. 21, 2018 | |||||||||||||
Series maximum amount | SFr | SFr 115 | |||||||||||||||||||
Maturity date | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | Dec. 21, 2023 | |||||||||||||
Senior Bonds [Member] | JPY [Member] | JPY [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | ¥ | ¥ 4,000 | |||||||||||||||||||
Terms Years | P10Y7M6D | P10Y7M6D | P10Y7M6D | P10Y7M6D | P10Y7M6D | P10Y7M6D | P10Y7M6D | |||||||||||||
Description of Issuance rate (annual) | 0.65% anual | 0.65% anual | 0.65% anual | 0.65% anual | 0.65% anual | 0.65% anual | 0.65% anual | |||||||||||||
Series approval date | Jul. 13, 2018 | Jul. 13, 2018 | Jul. 13, 2018 | Jul. 13, 2018 | Jul. 13, 2018 | Jul. 13, 2018 | Jul. 13, 2018 | |||||||||||||
Series maximum amount | ¥ | ¥ 4,000 | |||||||||||||||||||
Maturity date | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | Jan. 13, 2029 | |||||||||||||
Senior Bonds [Member] | JPY [Member] | JPY [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | ¥ | ¥ 3,000 | |||||||||||||||||||
Terms Years | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | P5Y | |||||||||||||
Issuance rate (annual) | 56.00% | 56.00% | 56.00% | 56.00% | 56.00% | 56.00% | 56.00% | |||||||||||||
Series approval date | Oct. 30, 2018 | Oct. 30, 2018 | Oct. 30, 2018 | Oct. 30, 2018 | Oct. 30, 2018 | Oct. 30, 2018 | Oct. 30, 2018 | |||||||||||||
Series maximum amount | ¥ | ¥ 3,000 | |||||||||||||||||||
Maturity date | Oct. 30, 2023 | Oct. 30, 2023 | Oct. 30, 2023 | Oct. 30, 2023 | Oct. 30, 2023 | Oct. 30, 2023 | Oct. 30, 2023 | |||||||||||||
Senior Bonds [Member] | JPY [Member] | Total [Member] | ||||||||||||||||||||
Disclosure of financial liabilities [line items] | ||||||||||||||||||||
Notional amount | ¥ | ¥ 7,000 | |||||||||||||||||||
Series maximum amount | ¥ | ¥ 7,000 |
ISSUED DEBT INSTRUMENTS AND O_8
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 5) $ in Millions, $ in Millions, in Millions | 12 Months Ended | |||||
Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CLF ( ) | |
Disclosure of financial liabilities [line items] | ||||||
Notional amount | $ | $ 241,467,084 | $ 177,224,139 | ||||
Senior Bonds [Member] | USD [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | $ | $ 3,090,000 | $ 6,900,000 | ||||
Issuance date | Jul. 6, 2018 | Jul. 6, 2018 | Jul. 6, 2018 | Jun. 3, 2017 | Jun. 3, 2017 | Jun. 3, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 1,000,000 | |||||
Issuance date | Dec. 5, 2017 | Dec. 5, 2017 | Dec. 5, 2017 | |||
Senior Bonds [Member] | Chile, Pesos | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | $ | $ 12,890,000,000 | $ 10,990,000,000 | ||||
Issuance date | Apr. 1, 2018 | Apr. 1, 2018 | Apr. 1, 2018 | Dec. 12, 2017 | Dec. 12, 2017 | Dec. 12, 2017 |
Senior Bonds [Member] | USD [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | $ | $ 250,000,000 | |||||
Issuance date | Nov. 12, 2018 | Nov. 12, 2018 | Nov. 12, 2018 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 690,000 | |||||
Issuance date | May 16, 2017 | May 16, 2017 | May 16, 2017 | |||
Senior Bonds [Member] | Chile, Pesos | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | $ | $ 4,600,000,000 | |||||
Issuance date | Apr. 1, 2018 | Apr. 1, 2018 | Apr. 1, 2018 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 24,000 | 15,000 | ||||
Issuance date | Jan. 22, 2018 | Jan. 22, 2018 | Jan. 22, 2018 | May 17, 2017 | May 17, 2017 | May 17, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 484,000 | 340,000 | ||||
Issuance date | May 4, 2018 | May 4, 2018 | May 4, 2018 | Jun. 26, 2017 | Jun. 26, 2017 | Jun. 26, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 184,000 | 590,000 | ||||
Issuance date | Jun. 4, 2018 | Jun. 4, 2018 | Jun. 4, 2018 | Jan. 6, 2017 | Jan. 6, 2017 | Jan. 6, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 216,000 | 300,000 | ||||
Issuance date | Apr. 23, 2018 | Apr. 23, 2018 | Apr. 23, 2018 | Feb. 6, 2017 | Feb. 6, 2017 | Feb. 6, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 4,000 | 130,000 | ||||
Issuance date | Apr. 24, 2018 | Apr. 24, 2018 | Apr. 24, 2018 | May 6, 2017 | May 6, 2017 | May 6, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 262,000 | 265,000 | ||||
Issuance date | Apr. 25, 2018 | Apr. 25, 2018 | Apr. 25, 2018 | Jun. 19, 2017 | Jun. 19, 2017 | Jun. 19, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 800,000 | 770,000 | ||||
Issuance date | Oct. 5, 2018 | Oct. 5, 2018 | Oct. 5, 2018 | Oct. 7, 2017 | Oct. 7, 2017 | Oct. 7, 2017 |
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 10,000 | |||||
Issuance date | Jul. 21, 2017 | Jul. 21, 2017 | Jul. 21, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 200,000 | |||||
Issuance date | Aug. 28, 2017 | Aug. 28, 2017 | Aug. 28, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 200,000 | |||||
Issuance date | Aug. 28, 2017 | Aug. 28, 2017 | Aug. 28, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 2,000 | |||||
Issuance date | Aug. 29, 2017 | Aug. 29, 2017 | Aug. 29, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 270,000 | |||||
Issuance date | Aug. 29, 2017 | Aug. 29, 2017 | Aug. 29, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 14,000 | |||||
Issuance date | Mar. 11, 2017 | Mar. 11, 2017 | Mar. 11, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 400,000 | |||||
Issuance date | Nov. 29, 2017 | Nov. 29, 2017 | Nov. 29, 2017 | |||
Senior Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||||
Disclosure of financial liabilities [line items] | ||||||
Notional amount | 20,000 | |||||
Issuance date | Jun. 12, 2017 | Jun. 12, 2017 | Jun. 12, 2017 |
ISSUED DEBT INSTRUMENTS AND O_9
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 6) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 |
Senior Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 7,198,865 | 6,186,760 |
Senior Bonds [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 844,898 | 337,166 |
Senior Bonds [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 1,331,255 | 866,936 |
Senior Bonds [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 1,073,847 | 832,978 |
Senior Bonds [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 1,104,547 | 1,177,081 |
Senior Bonds [Member] | Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 421,918 | 902,647 |
Senior Bonds [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 2,422,400 | $ 2,069,952 |
ISSUED DEBT INSTRUMENTS AND _10
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 7) $ in Millions, in Millions | Dec. 31, 2018CLP ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2017CLF ( ) |
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 | ||
Mortgage Bonds [Member] | ||||
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | $ 94,921 | $ 99,222 | ||
Mortgage Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | | 94,921 | 99,222 |
ISSUED DEBT INSTRUMENTS AND _11
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 8) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 |
Mortgage Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 94,921 | 99,222 |
Mortgage Bonds [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 4,833 | 4,541 |
Mortgage Bonds [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 7,758 | 7,291 |
Mortgage Bonds [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 8,008 | 7,526 |
Mortgage Bonds [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 8,267 | 7,769 |
Mortgage Bonds [Member] | Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 8,534 | 8,019 |
Mortgage Bonds [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 57,521 | $ 64,076 |
ISSUED DEBT INSTRUMENTS AND _12
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 9) $ in Millions, in Millions | Dec. 31, 2018CLP ($) | Dec. 31, 2018CLF ( ) | Dec. 31, 2017CLP ($) | Dec. 31, 2017CLF ( ) |
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 | ||
Subordinated Bonds [Member] | ||||
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | 795,957 | 773,192 | ||
Subordinated Bonds [Member] | Chile, Pesos | ||||
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | $ 1 | $ 3 | ||
Subordinated Bonds [Member] | Unidad De Fomento (funds code) [Member] | ||||
Disclosure of financial liabilities [line items] | ||||
Issued debt instruments | | 795,956 | 773,189 |
ISSUED DEBT INSTRUMENTS AND _13
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 10) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 8,115,233 | $ 7,093,653 |
Subordinated Bonds [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 795,957 | 773,192 |
Subordinated Bonds [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | 1 | 3 |
Subordinated Bonds [Member] | Due After 1 Year But Within 2 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | ||
Subordinated Bonds [Member] | Due After 2 Years But Within 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | ||
Subordinated Bonds [Member] | Due After 3 Years But Within 4 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | ||
Subordinated Bonds [Member] | Due After 4 Years But Within 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | ||
Subordinated Bonds [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Issued debt instruments | $ 795,956 | $ 773,189 |
ISSUED DEBT INSTRUMENTS AND _14
ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Details 11) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Non-current portion: | ||
Non-current portion subtotal | $ 9,529 | $ 29,205 |
Current portion: | ||
Amounts due to credit card operators | 172,425 | 173,271 |
Acceptance of letters of credit | 2,894 | 2,780 |
Other long-term financial obligations, short-term portion | 30,552 | 36,774 |
Current portion subtotal | 205,871 | 212,825 |
Total other financial liabilities | 215,400 | 242,030 |
Due After 1 Year But Within 2 Years [Member] | ||
Non-current portion: | ||
Non-current portion subtotal | 9,221 | 23,401 |
Due After 2 Years But Within 3 years [Member] | ||
Non-current portion: | ||
Non-current portion subtotal | 40 | 4,181 |
Due After 3 Years But Within 4 Years [Member] | ||
Non-current portion: | ||
Non-current portion subtotal | 44 | 194 |
Due After 4 Years But Within 5 Years [Member] | ||
Non-current portion: | ||
Non-current portion subtotal | 48 | 210 |
Due After 5 Years [Member] | ||
Non-current portion: | ||
Non-current portion subtotal | $ 176 | $ 1,219 |
MATURITY OF FINANCIAL ASSETS _3
MATURITY OF FINANCIAL ASSETS AND LIABILITIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Total financial assets | $ 39,132,512 | $ 35,823,605 | |
Total financial liabilities | 35,887,052 | 32,675,685 | |
Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 8,741,417 | 7,768,166 | |
Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 163,043 | 486,726 | |
Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 48,545 | 268,061 | |
Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 13,067,819 | 11,913,945 | |
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 2,517,728 | 2,139,488 | |
Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 1,788,626 | 1,698,357 | |
Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 8,115,233 | 7,093,653 | |
Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 215,400 | 242,030 | |
Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 540,091 | 408,313 | |
Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,827,612 | 3,214,657 | |
Total financial liabilities | 9,786,584 | 8,966,477 | |
Demand [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 8,741,417 | 7,768,166 | |
Demand [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 163,043 | 486,726 | |
Demand [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Demand [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 122,974 | 121,479 | |
Demand [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Demand [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 39,378 | 4,130 | |
Demand [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Demand [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 179,681 | 177,663 | |
Demand [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 540,091 | 408,313 | |
Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 5,798,664 | 2,480,411 | |
Total financial liabilities | 5,517,050 | 5,600,399 | |
Not Later Than One Month [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Not Later Than One Month [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Not Later Than One Month [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 48,545 | 268,061 | |
Not Later Than One Month [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 5,248,418 | 5,120,171 | |
Not Later Than One Month [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 131,378 | 144,410 | |
Not Later Than One Month [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 16,310 | 46,013 | |
Not Later Than One Month [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 71,465 | 21,043 | |
Not Later Than One Month [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 934 | 701 | |
Not Later Than One Month [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,451,466 | 2,655,971 | |
Total financial liabilities | 4,675,171 | 4,852,836 | |
Later Than One Month And Not Later Than Three Months [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later Than One Month And Not Later Than Three Months [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later Than One Month And Not Later Than Three Months [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later Than One Month And Not Later Than Three Months [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 4,108,556 | 4,201,271 | |
Later Than One Month And Not Later Than Three Months [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 120,361 | 196,444 | |
Later Than One Month And Not Later Than Three Months [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 404,575 | 397,419 | |
Later Than One Month And Not Later Than Three Months [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 39,267 | 55,119 | |
Later Than One Month And Not Later Than Three Months [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 2,412 | 2,583 | |
Later Than One Month And Not Later Than Three Months [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 5,461,385 | 4,933,977 | |
Total financial liabilities | 5,633,116 | 3,991,665 | |
More Than 3 Months To 1 Year [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 3 Months To 1 Year [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 3 Months To 1 Year [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 3 Months To 1 Year [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 3,326,199 | 2,299,018 | |
More Than 3 Months To 1 Year [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 349,551 | 356,288 | |
More Than 3 Months To 1 Year [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 1,188,692 | 1,030,241 | |
More Than 3 Months To 1 Year [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 745,830 | 274,239 | |
More Than 3 Months To 1 Year [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 22,844 | 31,879 | |
More Than 3 Months To 1 Year [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 16,539,127 | 13,285,016 | |
Total financial liabilities | 25,611,921 | 23,411,377 | |
Due Within 1 Year [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 8,741,417 | 7,768,166 | |
Due Within 1 Year [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 163,043 | 486,726 | |
Due Within 1 Year [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 48,545 | 268,061 | |
Due Within 1 Year [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 12,806,147 | 11,741,939 | |
Due Within 1 Year [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 601,290 | 697,142 | |
Due Within 1 Year [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 1,648,955 | 1,477,803 | |
Due Within 1 Year [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 205,871 | 350,401 | |
Due Within 1 Year [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 856,562 | 212,826 | |
Due Within 1 Year [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 540,091 | 408,313 | |
Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 6,219,277 | 6,240,042 | |
Total financial liabilities | 3,268,117 | 2,461,121 | |
Between 1 and 3 years [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Between 1 and 3 years [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Between 1 and 3 years [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Between 1 and 3 years [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 191,547 | 106,833 | |
Between 1 and 3 years [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 495,789 | 378,582 | |
Between 1 and 3 years [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 139,671 | 220,554 | |
Between 1 and 3 years [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 2,431,849 | 1,727,571 | |
Between 1 and 3 years [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 9,261 | 27,581 | |
Between 1 and 3 years [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 3,808,562 | 4,375,295 | |
Total financial liabilities | 2,027,157 | 2,466,344 | |
Later than three years and not later than five years [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later than three years and not later than five years [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later than three years and not later than five years [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later than three years and not later than five years [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 6,137 | 2,811 | |
Later than three years and not later than five years [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 471,185 | 358,358 | |
Later than three years and not later than five years [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Later than three years and not later than five years [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 1,549,743 | 2,104,771 | |
Later than three years and not later than five years [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 92 | 404 | |
Later than three years and not later than five years [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 11,877,024 | 11,569,324 | |
Total financial liabilities | 4,290,707 | 4,610,589 | |
Due After 5 Years [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due After 5 Years [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due After 5 Years [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due After 5 Years [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 63,988 | 62,362 | |
Due After 5 Years [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 949,464 | 705,406 | |
Due After 5 Years [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Due After 5 Years [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 3,277,079 | 2,910,910 | |
Due After 5 Years [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 176 | 1,219 | |
Due After 5 Years [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 21,904,863 | 22,184,661 | |
Total financial liabilities | 9,585,981 | 8,607,362 | |
More Than 1 Year [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 1 Year [Member] | Cash items in process of being cleared [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 1 Year [Member] | Obligations under repurchase agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
More Than 1 Year [Member] | Time deposits and other time liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 261,672 | 172,006 | |
More Than 1 Year [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 1,916,438 | 1,442,346 | |
More Than 1 Year [Member] | Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 139,671 | 220,554 | |
More Than 1 Year [Member] | Issue debt instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 7,258,670 | 6,743,252 | |
More Than 1 Year [Member] | Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | 9,529 | 29,204 | |
More Than 1 Year [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial liabilities | |||
Cash And Deposits In Banks [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,065,411 | 1,452,922 | |
Cash And Deposits In Banks [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,065,411 | 1,452,922 | |
Cash And Deposits In Banks [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,065,411 | 1,452,922 | |
Cash And Deposits In Banks [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash And Deposits In Banks [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 353,757 | 668,145 | |
Cash Items In Process Of Collection [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 353,757 | 668,145 | |
Cash Items In Process Of Collection [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 353,757 | 668,145 | |
Cash Items In Process Of Collection [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Cash Items In Process Of Collection [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 485,736 | ||
Trading Investments [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Trading Investments [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 72,983 | ||
Trading Investments [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 4,024 | ||
Trading Investments [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 68,277 | ||
Trading Investments [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 145,284 | ||
Trading Investments [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 110,824 | ||
Trading Investments [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 90,507 | ||
Trading Investments [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 139,121 | ||
Trading Investments [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 340,452 | ||
Investments Under Resale Agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Investments Under Resale Agreements [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 3,100,635 | 2,238,647 | |
Financial Derivative Contracts [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Financial Derivative Contracts [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 111,268 | 135,780 | |
Financial Derivative Contracts [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 198,876 | ||
Financial Derivative Contracts [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 543,722 | 410,415 | |
Financial Derivative Contracts [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 783,014 | 745,071 | |
Financial Derivative Contracts [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 723,622 | 385,428 | |
Financial Derivative Contracts [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 552,133 | 371,090 | |
Financial Derivative Contracts [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 1,041,866 | 737,058 | |
Financial Derivative Contracts [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,317,621 | 1,493,576 | |
Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | 162,685 | |
Interbank Borrowings [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | ||
Interbank Borrowings [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | 6,064 | |
Interbank Borrowings [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | 152,911 | |
Interbank Borrowings [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | 3,710 | |
Interbank Borrowings [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | 162,685 | |
Interbank Borrowings [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | ||
Interbank Borrowings [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | ||
Interbank Borrowings [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | ||
Interbank Borrowings [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [1] | ||
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 27,563,229 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 769,823 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 2,206,734 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 2,288,372 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 4,348,975 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 9,613,904 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 5,187,501 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 2,938,326 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 9,823,498 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | [2] | 17,949,325 | |
Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 77,041 | 2,574,546 | |
Available For Sale Investments [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Available For Sale Investments [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 1,064 | 58,850 | |
Available For Sale Investments [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 11,788 | ||
Available For Sale Investments [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 11,642 | 102,600 | |
Available For Sale Investments [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 12,706 | 173,238 | |
Available For Sale Investments [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 16,331 | 556,289 | |
Available For Sale Investments [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 20,080 | 975,372 | |
Available For Sale Investments [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 27,924 | 869,647 | |
Available For Sale Investments [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 64,335 | 2,401,308 | |
Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 170,232 | 323,767 | |
Guarantee Deposits (Margin Accounts) [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 170,232 | 323,767 | |
Guarantee Deposits (Margin Accounts) [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 170,232 | 323,767 | |
Guarantee Deposits (Margin Accounts) [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Guarantee Deposits (Margin Accounts) [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Loans and accounts receivables at amortised cost [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 30,213,414 | ||
Loans and accounts receivables at amortised cost [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 238,212 | ||
Loans and accounts receivables at amortised cost [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 3,295,003 | ||
Loans and accounts receivables at amortised cost [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 128,024 | ||
Loans and accounts receivables at amortised cost [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 4,880,726 | ||
Loans and accounts receivables at amortised cost [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 10,737,383 | ||
Loans and accounts receivables at amortised cost [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 5,474,289 | ||
Loans and accounts receivables at amortised cost [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 3,236,349 | ||
Loans and accounts receivables at amortised cost [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 10,765,393 | ||
Loans and accounts receivables at amortised cost [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 19,476,031 | ||
Loans and account receivable at fvoci [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 68,694 | ||
Loans and account receivable at fvoci [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Loans and account receivable at fvoci [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Loans and account receivable at fvoci [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,323,442 | ||
Loans and account receivable at fvoci [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 25,294 | ||
Loans and account receivable at fvoci [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 25,294 | ||
Loans and account receivable at fvoci [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 4,949 | ||
Loans and account receivable at fvoci [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Loans and account receivable at fvoci [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 38,451 | ||
Loans and account receivable at fvoci [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 43,400 | ||
Debt Instruments At FVOCI [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,394,323 | ||
Debt Instruments At FVOCI [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Debt Instruments At FVOCI [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,391,329 | ||
Debt Instruments At FVOCI [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Debt Instruments At FVOCI [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 1 | ||
Debt Instruments At FVOCI [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,391,330 | ||
Debt Instruments At FVOCI [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 86 | ||
Debt Instruments At FVOCI [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Debt Instruments At FVOCI [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,907 | ||
Debt Instruments At FVOCI [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 2,993 | ||
Equity instruments at fvoci [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 483 | ||
Equity instruments at fvoci [Member] | Demand [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Not Later Than One Month [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Later Than One Month And Not Later Than Three Months [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | More Than 3 Months To 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Due Within 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Between 1 and 3 years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Later than three years and not later than five years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | |||
Equity instruments at fvoci [Member] | Due After 5 Years [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 483 | ||
Equity instruments at fvoci [Member] | More Than 1 Year [Member] | |||
Disclosure of financial assets [line items] | |||
Total financial assets | $ 483 | ||
[1] | Interbank loans are presented on a gross basis. The amount of allowance is Ch$472 million. | ||
[2] | Loans and accounts receivables from customers are presented on a gross basis. Provisions amounts according to type of loan are detailed as follows: Commercial loans Ch$ 437,863 million, Mortgage loans Ch$ 69,066 million, and Consumer loans Ch$ 283,756 million. |
PROVISIONS AND CONTINGENT PRO_3
PROVISIONS AND CONTINGENT PROVISIONS (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Provisions [abstract] | ||||
Provisions for personnel salaries and expenses | $ 93,379 | $ 97,576 | ||
Provisions for mandatory dividends | 178,600 | 168,840 | ||
Provisions for contingent loan risk | [1] | 23,709 | 10,079 | |
Other | 620 | 27,303 | ||
Total | $ 305,271 | $ 303,798 | $ 292,210 | |
[1] | Under IFRS 9 disclosure requeriments. |
PROVISIONS AND CONTINGENT PRO_4
PROVISIONS AND CONTINGENT PROVISIONS (Details 1) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other provisions [line items] | ||
Balance at beginning | $ 303,798 | $ 292,210 |
Provisions established | 291,513 | |
Application of provisions | (224,907) | |
Provisions released | (55,018) | |
Reclassifications | ||
Other | ||
Balance at end | 305,271 | 303,798 |
Personnel Salaries And Expenses [Member] | ||
Disclosure of other provisions [line items] | ||
Balance at beginning | 97,576 | 72,592 |
Provisions established | 80,912 | 106,687 |
Application of provisions | (72,975) | (81,703) |
Provisions released | (3,195) | |
Reclassifications | ||
Other | (8,939) | |
Balance at end | 93,379 | 97,576 |
Mandatory Dividends [Member] | ||
Disclosure of other provisions [line items] | ||
Balance at beginning | 168,840 | 142,815 |
Provisions established | 178,600 | 168,840 |
Application of provisions | (142,815) | |
Provisions released | (168,840) | |
Reclassifications | ||
Other | ||
Balance at end | 178,600 | 168,840 |
Contingencies [Member] | ||
Disclosure of other provisions [line items] | ||
Balance at beginning | 27,303 | 65,404 |
Provisions established | 19,447 | 8,645 |
Application of provisions | (4,431) | (389) |
Provisions released | (33,356) | (46,357) |
Reclassifications | ||
Other | ||
Balance at end | $ 8,963 | $ 27,303 |
PROVISIONS AND CONTINGENT PRO_5
PROVISIONS AND CONTINGENT PROVISIONS (Details 2) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Provisions [abstract] | ||
Provision for seniority compensation | $ 9,531 | $ 17,874 |
Provision for stock-based personnel benefits | ||
Provision for performance bonds | 59,633 | 53,947 |
Provision for vacations | 22,792 | 23,039 |
Provision for other personnel benefits | 1,423 | 2,716 |
Total | $ 93,379 | $ 97,576 |
PROVISIONS AND CONTINGENT PRO_6
PROVISIONS AND CONTINGENT PROVISIONS (Details 3) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | $ 23,761 |
Transfers to stage 2 | 35 |
Transfers to stage 3 | 327 |
Transfers to stage 3 | 556 |
Transfers to stage 1 | (6) |
Transfers to stage 2 | |
Transfers to stage 1 | (1) |
Net changes on financial assets | 741 |
Writte-off | |
Foreign Exchange adjustments | (1,704) |
ECL allowance, ending balance | 23,709 |
Stage 1 [Member] | Individual [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 1,028 |
Transfers to stage 2 | (30) |
Transfers to stage 3 | (1) |
Transfers to stage 3 | |
Transfers to stage 1 | 1 |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | 115 |
Writte-off | |
Foreign Exchange adjustments | (32) |
ECL allowance, ending balance | 1,081 |
Stage 1 [Member] | Collective [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 16,261 |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | 683 |
Writte-off | |
Foreign Exchange adjustments | (1,874) |
ECL allowance, ending balance | 15,070 |
Stage 2 [Member] | Individual [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 219 |
Transfers to stage 2 | 65 |
Transfers to stage 3 | |
Transfers to stage 3 | (11) |
Transfers to stage 1 | (7) |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | 3 |
Writte-off | |
Foreign Exchange adjustments | (10) |
ECL allowance, ending balance | 259 |
Stage 2 [Member] | Collective [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 187 |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | (37) |
Writte-off | |
Foreign Exchange adjustments | 22 |
ECL allowance, ending balance | 172 |
Stage 3 [Member] | Individual [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 2,884 |
Transfers to stage 2 | |
Transfers to stage 3 | 328 |
Transfers to stage 3 | 567 |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | (1) |
Net changes on financial assets | 54 |
Writte-off | |
Foreign Exchange adjustments | 24 |
ECL allowance, ending balance | 3,856 |
Stage 3 [Member] | Collective [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
ECL allowance, beginning balance | 3,182 |
Transfers to stage 2 | |
Transfers to stage 3 | |
Transfers to stage 3 | |
Transfers to stage 1 | |
Transfers to stage 2 | |
Transfers to stage 1 | |
Net changes on financial assets | (77) |
Writte-off | |
Foreign Exchange adjustments | 166 |
ECL allowance, ending balance | $ 3,271 |
OTHER LIABILITIES (Details)
OTHER LIABILITIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Other Liabilities | |||
Accounts and notes payable | $ 163,216 | $ 196,965 | |
Unearned income | 673 | 601 | |
Valuation adjustments by macrohedges | 7,039 | ||
Guarantees received (margin accounts) | [1] | 540,091 | 408,313 |
Notes payable through brokerage and simultaneous transactions | 50,807 | 17,799 | |
Other payable obligations | [2] | 94,779 | 58,921 |
Withheld VAT | 1,990 | 1,887 | |
Other liabilities | [3] | 41,812 | 60,877 |
Total | $ 900,407 | $ 745,363 | |
[1] | Guarantee deposits (margin accounts) correspond to collateral associated to derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral. | ||
[2] | Other payable obligations mainly relates to settlement of derivatives and other financial transactions derived from the operation of the Bank. | ||
[3] | Other liabilities: mainly include reimbursement of insurance commissions. |
CONTINGENCIES AND COMMITMENTS_2
CONTINGENCIES AND COMMITMENTS (Details) - Contingent Loans [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of contingent liabilities in business combination [line items] | ||
Letters of credit issued | $ 223,420 | $ 201,699 |
Foreign letters of credit confirmed | 57,038 | 75,499 |
Performance guarantee | 1,954,205 | 1,823,793 |
Personal guarantees | 133,623 | 81,577 |
Total contingent liabilities | 2,368,286 | 2,182,568 |
Available on demand credit lines | 8,997,650 | 8,135,489 |
Other irrevocable credit commitments | 327,297 | 260,691 |
Total loan commit ment | 9,324,947 | 8,396,180 |
Total | $ 11,693,233 | $ 10,578,748 |
CONTINGENCIES AND COMMITMENTS_3
CONTINGENCIES AND COMMITMENTS (Details 1) - Held Securities [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Third party operations | ||
Collections | $ 99,784 | $ 175,200 |
Assets from third parties managed by the Bank and its affiliates | 1,630,431 | 1,660,804 |
Subtotal | 1,730,215 | 1,836,004 |
Custody of securities | ||
Securities held in custody | 11,160,488 | 383,002 |
Securities held in custody deposited in other entity | 861,405 | 760,083 |
Issued securities held in custody | 12,335,871 | 22,046,701 |
Subtotal | 24,357,764 | 23,189,786 |
Total | $ 26,087,979 | $ 25,025,790 |
CONTINGENCIES AND COMMITMENTS_4
CONTINGENCIES AND COMMITMENTS (Details Narrative) $ in Millions, $ in Millions | Jun. 30, 2019USD ($) | Dec. 31, 2018CLP ($) | Dec. 31, 2017CLP ($) |
Disclosure of contingent liabilities in business combination [line items] | |||
Assets from third parties managed by the Bank and its affiliates | $ 1,630,396 | $ 1,660,768 | |
Legal Proceedings Contingent Liability [Member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Estimated financial effect of contingent liabilities | 923 | 1,214 | |
Legal Proceedings Contingent Liability [Member] | Subsidiaries [Member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Estimated financial effect of contingent liabilities | $ 0 | $ 0 | |
Contingent Liability For Guarantees [Member] | USD [Member] | Non-adjusting Events After Reporting Period [Member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Insurance policy cover amount for bank and subsidiaries | $ 50 |
EQUITY (Details)
EQUITY (Details) - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
EQUITY | |||
Issued as of beginning of period | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 |
Issuance of paid shares | |||
Issuance of outstanding shares | |||
Stock options exercised | |||
Issued as of end of period | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 |
EQUITY (Details 1)
EQUITY (Details 1) - shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of transactions between related parties [line items] | |||||
Shares | 161,960,126,723 | 157,207,260,723 | 153,645,193,123 | ||
American Depository Receipts (ADR) | [1] | 26,486,000,071 | 31,238,866,071 | 34,800,933,671 | |
Total | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 | |
Percentage of equity holding | 100.00% | 100.00% | 100.00% | ||
Santander Chile Holding S.A. [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 66,822,519,695 | 66,822,519,695 | 66,822,519,695 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 66,822,519,695 | 66,822,519,695 | 66,822,519,695 | ||
Percentage of equity holding | 35.46% | 35.46% | 35.46% | ||
Teatinos Siglo XXI Inversiones Limitada [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 59,770,481,573 | 59,770,481,573 | 59,770,481,573 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 59,770,481,573 | 59,770,481,573 | 59,770,481,573 | ||
Percentage of equity holding | 31.72% | 31.72% | 31.72% | ||
The Bank New York Mellon [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | |||||
American Depository Receipts (ADR) | [1] | 26,486,000,071 | 31,238,866,071 | 34,800,933,671 | |
Total | 26,486,000,071 | 31,238,866,071 | 34,800,933,671 | ||
Percentage of equity holding | 14.05% | 16.58% | 18.47% | ||
Banks On Behalf Of Third Parties [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 15,451,106,985 | 13,892,691,988 | 12,257,100,312 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 15,451,106,985 | 13,892,691,988 | 12,257,100,312 | ||
Percentage of equity holding | 8.20% | 7.37% | 6.50% | ||
Pension Funds (AFP) On Behalf Of Third Parties [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 9,033,172,896 | 6,896,552,755 | 6,990,857,997 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 9,033,172,896 | 6,896,552,755 | 6,990,857,997 | ||
Percentage of equity holding | 4.79% | 3.66% | 3.71% | ||
Stock Brokers On Behalf Of Third Parties [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 4,773,558,507 | 3,762,310,365 | 3,071,882,351 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 4,773,558,507 | 3,762,310,365 | 3,071,882,351 | ||
Percentage of equity holding | 2.53% | 2.00% | 1.63% | ||
Other Minority Holders [Member] | |||||
Disclosure of transactions between related parties [line items] | |||||
Shares | 6,109,287,067 | 6,062,704,347 | 4,732,351,195 | ||
American Depository Receipts (ADR) | [1] | ||||
Total | 6,109,287,067 | 6,062,704,347 | 4,732,351,195 | ||
Percentage of equity holding | 3.25% | 3.21% | 2.51% | ||
[1] | American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. |
EQUITY (Details 2)
EQUITY (Details 2) - CLP ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Basic earnings per share | |||
Total attributable to the shareholders of the Bank | $ 595,333 | $ 562,801 | $ 476,067 |
Weighted average number of outstanding shares | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 |
Basic earnings per share (in Ch$) | $ 3.159 | $ 2.987 | $ 2.526 |
Diluted earnings per share | |||
Total attributable to the shareholders of the Bank | $ 595,333 | $ 562,801 | $ 476,067 |
Weighted average number of outstanding shares | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 |
Adjusted number of shares | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 |
Diluted earnings per share (in Ch$) | $ 3.159 | $ 2.987 | $ 2.526 |
EQUITY (Details 3)
EQUITY (Details 3) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt instruments at FVOCI | |||
As of beginning of period | $ 1,855 | ||
Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax | 6,328 | ||
Recycling from other comprehensive income to income for the year | (1,502) | ||
Available for sale investments | |||
As of beginning of period | 7,375 | (7,093) | |
Gain (losses) on the re-measurement of available for sale investments, before tax | (10,384) | 2,267 | |
Recycling from other comprehensive income to income for the year | 4,864 | 12,201 | |
Subtotals | (5,520) | 14,468 | |
As of end of period | 6,681 | 7,375 | |
Cash flow hedges | |||
As of beginning of period | (3,562) | 2,288 | 8,626 |
Gains (losses) on the re-measurement of cash flow hedges, before tax | 14,048 | (5,850) | (6,261) |
Recycling adjustments on cash flow hedges, before tax | (683) | (77) | |
Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction | |||
Subtotals | 13,365 | (5,850) | (6,338) |
As of end of period | 9,803 | (3,562) | 2,288 |
Other comprehensive income, before taxes | 16,484 | (1,707) | 9,663 |
Income tax related to other comprehensive income components | |||
Income tax relating to debt instruments at FVOCI | (1,810) | ||
Income tax relating to available for sale investments | (473) | (1,770) | |
Income tax relating to cash flow hedges | (2,646) | 908 | (549) |
Total | (4,456) | 435 | (2,319) |
Other comprehensive income, net of tax | 12,028 | (1,272) | 7,344 |
Attributable to: | |||
Shareholders of the Bank | 11,072 | (2,312) | 6,640 |
Non-controlling interest | $ 956 | $ 1,040 | $ 704 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - CLP ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Apr. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
EQUITY | |||||
Shares outstanding | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 | 188,446,126,794 | |
Increase in capital | $ 891,303 | ||||
Percentage of capitalization earnings | 25.00% | ||||
Retained earnings to reserves | $ 141,204 | $ 141,706 |
NON-CONTROLLING INTEREST (Detai
NON-CONTROLLING INTEREST (Details) - CLP ($) $ in Millions | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Disclosure of subsidiaries [line items] | ||||||
Equity | $ 46,163 | $ 41,883 | $ 24,341 | |||
Income | 4,360 | 12,448 | 2,365 | |||
Other comprehensive income | ||||||
Debt instruments at FVOCI | (86) | |||||
Available for sale investments | 470 | 1,054 | ||||
Deferred tax | 2 | (134) | (251) | |||
Total other comprehensive income | (84) | 336 | 803 | |||
Comprehensive income | $ 4,276 | $ 12,784 | $ 3,168 | |||
Santander Agente de Valores Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 0.97% | 0.97% | 0.97% | |||
Equity | $ 488 | $ 389 | $ 492 | |||
Income | 99 | 132 | 116 | |||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | $ 99 | $ 132 | $ 116 | |||
Santander S.A. Sociedad Securitizadora [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 0.36% | 0.36% | 0.36% | |||
Equity | $ 2 | $ 1 | $ 2 | |||
Income | ||||||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | ||||||
Santander Corredores de Bolsa Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 49.00% | 49.00% | [1] | 49.41% | ||
Equity | $ 21,673 | $ 21,000 | [1] | $ 19,966 | ||
Income | 755 | 702 | [1] | 1,130 | ||
Other comprehensive income | ||||||
Debt instruments at FVOCI | (84) | |||||
Available for sale investments | 470 | [1] | 1,054 | |||
Deferred tax | 2 | (134) | [1] | (251) | ||
Total other comprehensive income | (82) | 336 | [1] | 803 | ||
Comprehensive income | $ 673 | $ 1,038 | [1] | $ 1,933 | ||
Santander Corredora de Seguros Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 0.24% | 0.24% | 0.25% | |||
Equity | $ 172 | $ 167 | $ 164 | |||
Income | 4 | 4 | 7 | |||
Other comprehensive income | ||||||
Debt instruments at FVOCI | (2) | |||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | (2) | |||||
Comprehensive income | 2 | 4 | 7 | |||
Subsidiaries [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Equity | 22,335 | 21,557 | 20,624 | |||
Income | 858 | 838 | 1,253 | |||
Other comprehensive income | ||||||
Debt instruments at FVOCI | (86) | |||||
Available for sale investments | 470 | 1,054 | ||||
Deferred tax | 2 | (134) | (251) | |||
Total other comprehensive income | (84) | 336 | 803 | |||
Comprehensive income | $ 774 | $ 1,174 | $ 2,056 | |||
Bansa Santander S.A. [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 100.00% | [1] | 100.00% | 100.00% | ||
Equity | $ 20,051 | [1] | $ 17,401 | $ 6,533 | ||
Income | 2,650 | [1] | 10,869 | 529 | ||
Other comprehensive income | ||||||
Available for sale investments | [1] | |||||
Deferred tax | [1] | |||||
Total other comprehensive income | [1] | |||||
Comprehensive income | $ 2,650 | [1] | $ 10,869 | $ 529 | ||
Santander Gestion de Recaudacion y Cobranzas Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 100.00% | 100.00% | 100.00% | [2] | ||
Equity | $ 3,777 | $ 2,925 | $ 2,184 | [2] | ||
Income | 852 | 741 | 583 | [2] | ||
Other comprehensive income | ||||||
Available for sale investments | [2] | |||||
Deferred tax | [2] | |||||
Total other comprehensive income | [2] | |||||
Comprehensive income | 852 | 741 | 583 | [2] | ||
Total Entities Controlled Through Other Considerations [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Equity | 23,828 | 20,326 | 8,717 | |||
Income | 3,502 | 11,610 | 1,112 | |||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | $ 3,502 | $ 11,610 | $ 1,112 | |||
Multinegocios S.A [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 100.00% | |||||
Multinegocios S.A. [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | ||||||
Income | ||||||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | ||||||
Servicios Administrativos Y Financieros Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 100.00% | |||||
Income | ||||||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | ||||||
Servicios Administrativos y Financieros Limitada. [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Equity | ||||||
Multiservicios De Negocios Limitada [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Non-controlling | 100.00% | |||||
Income | ||||||
Other comprehensive income | ||||||
Available for sale investments | ||||||
Deferred tax | ||||||
Total other comprehensive income | ||||||
Comprehensive income | ||||||
Multiservicios de Negocios Limitada. [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Equity | ||||||
[1] | In September 2017, Bansa Santander S.A. celebrated a legal cession of rights,which generated an income of Ch$20,663 million before tax (Ch$15,197 million net of taxes). | |||||
[2] | Ex Santander S.A. Corredores de Bolsa, See Note1. |
NON-CONTROLLING INTEREST (Det_2
NON-CONTROLLING INTEREST (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | |||
Assets | $ 258,617 | $ 246,559 | $ 256,316 |
Liabilities | 71,272 | 76,475 | 90,663 |
Capital | 170,296 | 142,079 | 147,601 |
Net income | 17,049 | 28,005 | 18,052 |
Santander Corredora de Seguros Limitada [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 77,764 | 76,177 | 75,000 |
Liabilities | 9,595 | 9,803 | 10,065 |
Capital | 66,374 | 64,937 | 62,276 |
Net income | 1,795 | 1,437 | 2,659 |
Santander Corredores de Bolsa Limitada [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 102,228 | 88,711 | 86,473 |
Liabilities | 57,999 | 45,855 | 45,724 |
Capital | 42,691 | 41,424 | 38,356 |
Net income | 1,538 | 1,432 | 2,393 |
Santander Agente de Valores Limitada [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 50,552 | 44,910 | 54,486 |
Liabilities | 71 | 4,732 | 3,666 |
Capital | 40,177 | 26,569 | 38,851 |
Net income | 10,304 | 13,609 | 11,969 |
Santander S.A. Sociedad Securitizadora [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 704 | 400 | 509 |
Liabilities | 66 | 50 | 77 |
Capital | 728 | 432 | 512 |
Net income | (90) | (82) | (80) |
Santander Gestion de Recaudacion y Cobranzas Limitada [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 6,932 | 10,826 | 8,547 |
Liabilities | 3,155 | 7,901 | 6,363 |
Capital | 2,925 | 2,184 | 1,602 |
Net income | 852 | 741 | 582 |
Bansa Santander S.A. [Member] | |||
Disclosure of subsidiaries [line items] | |||
Assets | 20,437 | 25,535 | 31,301 |
Liabilities | 386 | 8,134 | 24,768 |
Capital | 17,401 | 6,533 | 6,004 |
Net income | $ 2,650 | $ 10,868 | $ 529 |
INTEREST INCOME (Details)
INTEREST INCOME (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | $ 2,243,123 | $ 2,031,133 | $ 2,123,422 |
Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 1,775,256 | 1,773,066 | 1,739,427 |
Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 449,784 | 242,390 | 365,006 |
Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 18,083 | 15,677 | 18,989 |
Resale Agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 903 | 939 | 1,488 |
Resale Agreements [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 903 | 939 | 1,488 |
Resale Agreements [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | |||
Resale Agreements [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | |||
Interbank Loan [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 897 | 969 | 295 |
Interbank Loan [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 897 | 969 | 295 |
Interbank Loan [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | |||
Interbank Loan [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | |||
Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 936,264 | 847,927 | 880,995 |
Commercial Loans [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 771,405 | 752,013 | 742,432 |
Commercial Loans [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 153,851 | 85,389 | 130,904 |
Commercial Loans [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 11,008 | 10,525 | 7,659 |
Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 597,655 | 469,758 | 539,209 |
Mortgage Loans [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 330,055 | 320,041 | 304,116 |
Mortgage Loans [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 266,691 | 149,303 | 228,081 |
Mortgage Loans [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 909 | 414 | 7,012 |
Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 586,534 | 618,033 | 609,130 |
Consumer Loans [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 579,929 | 612,932 | 604,152 |
Consumer Loans [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 439 | 363 | 660 |
Consumer Loans [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 6,166 | 4,738 | 4,318 |
Investment Instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 100,213 | 79,797 | 78,724 |
Investment Instruments [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 75,423 | 74,000 | 75,808 |
Investment Instruments [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 24,790 | 5,797 | 2,916 |
Investment Instruments [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | |||
Other Interest Income [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 20,657 | 13,710 | 13,581 |
Other Interest Income [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 16,644 | 12,172 | 11,136 |
Other Interest Income [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting | 4,013 | 1,538 | 2,445 |
Other Interest Income [Member] | Hedged Of Prepaid Fees [Member] | |||
Disclosure of financial assets [line items] | |||
Interest income not including income from hedge accounting |
INTEREST INCOME (Details 1)
INTEREST INCOME (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | $ (809,956) | $ (719,850) | $ (799,636) |
Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (629,467) | (617,200) | (644,540) |
Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (180,489) | (102,650) | (155,096) |
Demand Deposits [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (16,285) | (14,546) | (17,046) |
Demand Deposits [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (14,914) | (13,851) | (16,003) |
Demand Deposits [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (1,371) | (695) | (1,043) |
Repurchase Agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (6,439) | (6,514) | (2,822) |
Repurchase Agreements [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (6,439) | (6,514) | (2,822) |
Repurchase Agreements [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | |||
Time Deposits And Liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (352,345) | (362,330) | (438,666) |
Time Deposits And Liabilities [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (317,061) | (341,821) | (399,720) |
Time Deposits And Liabilities [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (35,284) | (20,509) | (38,946) |
Interbank Loan [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (39,971) | (26,805) | (19,803) |
Interbank Loan [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (39,971) | (26,805) | (19,803) |
Interbank Loan [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | |||
Issued Debt Instruments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (374,682) | (296,197) | (303,425) |
Issued Debt Instruments [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (241,455) | (220,027) | (197,973) |
Issued Debt Instruments [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (133,227) | (76,170) | (105,452) |
Other financial liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (2,808) | (3,249) | (3,789) |
Other financial liabilities [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (2,698) | (2,946) | (3,008) |
Other financial liabilities [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (110) | (303) | (781) |
Other Interest Expense [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (17,426) | (10,209) | (14,085) |
Other Interest Expense [Member] | Hedged Of Interest [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | (6,929) | (5,236) | (5,211) |
Other Interest Expense [Member] | Hedged Of Inflation Adjustments [Member] | |||
Disclosure of financial assets [line items] | |||
Interest expense not including expenses from hedge accounting | $ (10,497) | $ (4,973) | $ (8,874) |
INTEREST INCOME (Details 2)
INTEREST INCOME (Details 2) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest Income | |||
Interest income not including income from hedge accounting | $ 2,243,123 | $ 2,031,133 | $ 2,123,422 |
Interest expense not including expense from hedge accounting | (809,956) | (719,850) | (799,636) |
Net Interest income (expense) from hedge accounting | 1,433,167 | 1,311,283 | 1,323,786 |
Hedge accounting (net) | (18,799) | 15,408 | (42,420) |
Total net interest income | $ 1,414,368 | $ 1,326,691 | $ 1,281,366 |
FEES AND COMMISSIONS (Details)
FEES AND COMMISSIONS (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Fee and commission income | |||
Fees and commissions for lines of credits and overdrafts | $ 6,624 | $ 7,413 | $ 5,754 |
Fees and commissions for guarantees and letters of credit | 33,654 | 33,882 | 35,911 |
Fees and commissions for card services | 218,903 | 201,791 | 195,566 |
Fees and commissions for management of accounts | 33,865 | 31,901 | 31,540 |
Fees and commissions for collections and payments | 40,077 | 44,312 | 31,376 |
Fees and commissions for intermediation and management of securities | 10,147 | 10,090 | 9,304 |
Insurance brokerage fees | 39,949 | 36,430 | 40,882 |
Office banking | 15,921 | 15,669 | 14,145 |
Fees for other services rendered | 45,633 | 43,123 | 38,038 |
Other fees earned | 39,690 | 30,947 | 28,668 |
Total | 484,463 | 455,558 | 431,184 |
Fee and commission expense | |||
Compensation for card operation | (163,794) | (149,809) | (143,509) |
Fees and commissions for securities transactions | (936) | (858) | (946) |
Office banking | (4,096) | (15,283) | (14,671) |
Other fees | (24,752) | (10,545) | (17,634) |
Total | (193,578) | (176,495) | (176,760) |
Net fees and commissions income | $ 290,885 | $ 279,063 | $ 254,424 |
FEES AND COMMISSIONS (Details 1
FEES AND COMMISSIONS (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Commission income | |||
Commissions for lines of credit and overdrafts | $ 6,624 | $ 7,413 | $ 5,754 |
Commissions for guarantees and letters of credit | 33,654 | 33,882 | 35,911 |
Commissions for card services | 218,903 | 201,791 | 195,566 |
Commissions for account management | 33,865 | 31,901 | 31,540 |
Commissions for collections, collections and payments | 40,077 | 44,312 | 31,376 |
Commissions for intermediation and management of values | 10,147 | 10,090 | 9,304 |
Remuneration for insurance commercialization | 39,949 | 36,430 | 40,882 |
Office banking | 15,921 | 15,669 | 14,145 |
Other remuneration for services rendered | 45,633 | 43,123 | 38,038 |
Other commissions earned | 39,690 | 30,947 | 28,668 |
Total | 484,463 | 455,558 | 431,184 |
Commission expenses | |||
Remuneration for card operation | (163,794) | (149,809) | (143,509) |
Commissions per transaction with securities | (936) | (858) | (946) |
Office banking | (4,096) | (15,283) | (14,671) |
Other commissions | (24,752) | (10,545) | (17,634) |
Total | (193,578) | (176,495) | (176,760) |
Total Net commission income and expenses | 290,885 | $ 279,063 | $ 254,424 |
Transferred Over Time [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | 6,624 | ||
Commissions for guarantees and letters of credit | 33,654 | ||
Commissions for card services | 34,856 | ||
Commissions for account management | 33,865 | ||
Commissions for collections, collections and payments | |||
Commissions for intermediation and management of values | |||
Remuneration for insurance commercialization | |||
Office banking | |||
Other remuneration for services rendered | |||
Other commissions earned | |||
Total | 108,999 | ||
Commission expenses | |||
Remuneration for card operation | |||
Commissions per transaction with securities | |||
Office banking | |||
Other commissions | |||
Total | |||
Total Net commission income and expenses | 108,999 | ||
Transferred At Point In Time [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | |||
Commissions for guarantees and letters of credit | |||
Commissions for card services | 184,047 | ||
Commissions for account management | |||
Commissions for collections, collections and payments | 15,719 | ||
Commissions for intermediation and management of values | 10,147 | ||
Remuneration for insurance commercialization | |||
Office banking | 15,921 | ||
Other remuneration for services rendered | 45,633 | ||
Other commissions earned | 39,690 | ||
Total | 311,157 | ||
Commission expenses | |||
Remuneration for card operation | (163,794) | ||
Commissions per transaction with securities | (936) | ||
Office banking | (4,096) | ||
Other commissions | (24,752) | ||
Total | (193,578) | ||
Total Net commission income and expenses | 117,579 | ||
Accrual Model [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | |||
Commissions for guarantees and letters of credit | |||
Commissions for card services | |||
Commissions for account management | |||
Commissions for collections, collections and payments | 24,358 | ||
Commissions for intermediation and management of values | |||
Remuneration for insurance commercialization | 39,949 | ||
Office banking | |||
Other remuneration for services rendered | |||
Other commissions earned | |||
Total | 64,307 | ||
Commission expenses | |||
Remuneration for card operation | |||
Commissions per transaction with securities | |||
Office banking | |||
Other commissions | |||
Total | |||
Total Net commission income and expenses | 64,307 | ||
Individuals And PYMEs [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | 5,901 | ||
Commissions for guarantees and letters of credit | 11,099 | ||
Commissions for card services | 211,615 | ||
Commissions for account management | 30,386 | ||
Commissions for collections, collections and payments | 66,780 | ||
Commissions for intermediation and management of values | 4,050 | ||
Remuneration for insurance commercialization | |||
Office banking | 11,420 | ||
Other remuneration for services rendered | 40,901 | ||
Other commissions earned | 6,908 | ||
Total | 389,060 | ||
Commission expenses | |||
Remuneration for card operation | (159,817) | ||
Commissions per transaction with securities | (169) | ||
Office banking | (2,374) | ||
Other commissions | (6,168) | ||
Total | (168,528) | ||
Total Net commission income and expenses | 220,532 | ||
Companies And Institutions [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | 271 | ||
Commissions for guarantees and letters of credit | 16,258 | ||
Commissions for card services | 6,193 | ||
Commissions for account management | 2,678 | ||
Commissions for collections, collections and payments | 1,693 | ||
Commissions for intermediation and management of values | 134 | ||
Remuneration for insurance commercialization | |||
Office banking | 3,893 | ||
Other remuneration for services rendered | 3,833 | ||
Other commissions earned | 9,743 | ||
Total | 44,696 | ||
Commission expenses | |||
Remuneration for card operation | (3,186) | ||
Commissions per transaction with securities | (3) | ||
Office banking | (985) | ||
Other commissions | (3,776) | ||
Total | (7,950) | ||
Total Net commission income and expenses | 36,746 | ||
Global Corporate Banking [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | 453 | ||
Commissions for guarantees and letters of credit | 6,239 | ||
Commissions for card services | 1,036 | ||
Commissions for account management | 799 | ||
Commissions for collections, collections and payments | 458 | ||
Commissions for intermediation and management of values | 7,221 | ||
Remuneration for insurance commercialization | |||
Office banking | 608 | ||
Other remuneration for services rendered | 819 | ||
Other commissions earned | 23,320 | ||
Total | 40,953 | ||
Commission expenses | |||
Remuneration for card operation | (134) | ||
Commissions per transaction with securities | (419) | ||
Office banking | (722) | ||
Other commissions | (4,614) | ||
Total | (5,889) | ||
Total Net commission income and expenses | 35,064 | ||
Others [Member] | |||
Commission income | |||
Commissions for lines of credit and overdrafts | (1) | ||
Commissions for guarantees and letters of credit | 58 | ||
Commissions for card services | 59 | ||
Commissions for account management | 2 | ||
Commissions for collections, collections and payments | (28,854) | ||
Commissions for intermediation and management of values | (1,258) | ||
Remuneration for insurance commercialization | 39,949 | ||
Office banking | |||
Other remuneration for services rendered | 80 | ||
Other commissions earned | (281) | ||
Total | 9,754 | ||
Commission expenses | |||
Remuneration for card operation | (657) | ||
Commissions per transaction with securities | (345) | ||
Office banking | (15) | ||
Other commissions | (10,194) | ||
Total | (11,211) | ||
Total Net commission income and expenses | $ (1,457) |
NET INCOME (EXPENSE) FROM FIN_3
NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income (expense) from financial operations | |||
Trading derivatives | $ 38,217 | $ (18,974) | $ (395,209) |
Trading investments | 10,008 | 18,229 | |
Net gains on financial assets at fair value through profit or loss | 9,393 | ||
Net gains on derecognition of financial assets measured at amortised cost | 8,479 | ||
Sale of loans and accounts receivables from customers | |||
Current portfolio | (309) | 3,020 | 1,469 |
Charged-off portfolio | 709 | 3,020 | 2,720 |
Available for sale investments | 8,956 | 14,598 | |
Repurchase of issued bonds | (840) | (742) | (8,630) |
Other income (expense) from financial operations | (2,475) | (2,492) | (211) |
Total income (expense) | $ 53,174 | $ 2,796 | $ (367,034) |
NET FOREIGN EXCHANGE GAIN (LO_3
NET FOREIGN EXCHANGE GAIN (LOSS) (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net foreign exchange gain (loss) | |||
Net profit (loss) from currency exchange differences | $ (212,618) | $ 113,115 | $ 116,117 |
Hedging derivatives | 252,275 | 22,933 | 399,875 |
Income from assets indexed to foreign currency | 12,251 | (9,190) | (8,745) |
Income from liabilities indexed to foreign currency | 98 | 145 | |
Total | $ 51,908 | $ 126,956 | $ 507,392 |
EXPECTED CREDIT LOSSESS ALLOW_3
EXPECTED CREDIT LOSSESS ALLOWANCE (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018CLP ($) | |
Disclosure of financial assets [line items] | |
Total | $ (317,408) |
Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 353 |
Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | (2,811) |
Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (96,356) |
Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 14,376 |
Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | 3,752 |
Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (236,722) |
Commercial Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | (142,782) |
Commercial Loans [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 79 |
Commercial Loans [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | (2,891) |
Commercial Loans [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (96,131) |
Commercial Loans [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 5,652 |
Commercial Loans [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | (1,533) |
Commercial Loans [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (47,959) |
Mortgage Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | 14,119 |
Mortgage Loans [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Mortgage Loans [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Mortgage Loans [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Mortgage Loans [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 5,583 |
Mortgage Loans [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | 5,161 |
Mortgage Loans [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | 3,375 |
Consumer Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | (189,251) |
Consumer Loans [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Consumer Loans [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Consumer Loans [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Consumer Loans [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 1,861 |
Consumer Loans [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | 192 |
Consumer Loans [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (191,304) |
Contingent Loans [Member] | |
Disclosure of financial assets [line items] | |
Total | 9 |
Contingent Loans [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | (90) |
Contingent Loans [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | 11 |
Contingent Loans [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (225) |
Contingent Loans [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 1,214 |
Contingent Loans [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | (68) |
Contingent Loans [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | (834) |
Loans And Account Receivable At FVOCI [Member] | |
Disclosure of financial assets [line items] | |
Total | 431 |
Loans And Account Receivable At FVOCI [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 363 |
Loans And Account Receivable At FVOCI [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | 68 |
Loans And Account Receivable At FVOCI [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Loans And Account Receivable At FVOCI [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Loans And Account Receivable At FVOCI [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Loans And Account Receivable At FVOCI [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Debt At FVOCI [Member] | |
Disclosure of financial assets [line items] | |
Total | 66 |
Debt At FVOCI [Member] | Individual [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Debt At FVOCI [Member] | Individual [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Debt At FVOCI [Member] | Individual [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Debt At FVOCI [Member] | Collective [Member] | Stage 1 [Member] | |
Disclosure of financial assets [line items] | |
Total | 66 |
Debt At FVOCI [Member] | Collective [Member] | Stage 2 [Member] | |
Disclosure of financial assets [line items] | |
Total | |
Debt At FVOCI [Member] | Collective [Member] | Stage 3 [Member] | |
Disclosure of financial assets [line items] | |
Total |
EXPECTED CREDIT LOSSESS ALLOW_4
EXPECTED CREDIT LOSSESS ALLOWANCE (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | $ 51,978 | $ 47,605 | |
Total provisions and charge-offs | (36,279) | (36,383) | |
Provisions released | (55,018) | ||
Net charge offs of individually significant loans | 15,699 | 11,222 | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | (15,699) | (11,222) | |
Provisions established | (516,646) | (544,240) | |
Total provisions and charge-offs | (532,345) | (555,462) | |
Provisions released | 146,563 | 135,081 | |
Recovery of loans previously charged off | 83,527 | 78,298 | |
Net charge offs of individually significant loans | (302,255) | (342,083) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Individual Allowance [Member] | Interbank Loan [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (307) | (3,052) | |
Total provisions and charge-offs | (307) | (3,052) | |
Provisions released | 3,970 | 83 | |
Recovery of loans previously charged off | |||
Net charge offs of individually significant loans | 3,663 | (2,969) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Individual Allowance [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | (15,699) | (11,222) | |
Provisions established | (64,658) | (61,002) | |
Total provisions and charge-offs | (80,357) | (72,224) | |
Provisions released | 55,925 | 43,183 | |
Recovery of loans previously charged off | 11,114 | 11,142 | |
Net charge offs of individually significant loans | (13,318) | (17,899) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Individual Allowance [Member] | Contingent Loan [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (3,117) | (11,986) | |
Total provisions and charge-offs | (3,117) | (11,986) | |
Provisions released | 7,001 | 6,963 | |
Recovery of loans previously charged off | |||
Net charge offs of individually significant loans | 3,884 | (5,023) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Group Allowance [Member] | Commercial Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (148,681) | (133,855) | |
Total provisions and charge-offs | (148,681) | (133,855) | |
Provisions released | 20,491 | 14,432 | |
Recovery of loans previously charged off | 21,499 | 16,043 | |
Net charge offs of individually significant loans | (106,691) | (103,380) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Group Allowance [Member] | Mortgage Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (43,621) | (50,892) | |
Total provisions and charge-offs | (43,621) | (50,892) | |
Provisions released | 11,427 | 34,246 | |
Recovery of loans previously charged off | 10,942 | 10,041 | |
Net charge offs of individually significant loans | (21,252) | (6,605) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Group Allowance [Member] | Consumer Loans [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (252,038) | (280,544) | |
Total provisions and charge-offs | (252,038) | (280,544) | |
Provisions released | 46,089 | 30,790 | |
Recovery of loans previously charged off | 39,972 | 41,072 | |
Net charge offs of individually significant loans | (165,977) | (208,682) | |
Provisions for Loan Losses [Member] | Loans to Customers [Member] | Group Allowance [Member] | Contingent Loan [Member] | |||
Disclosure of financial assets [line items] | |||
Charged-off individually significant loans | |||
Provisions established | (4,224) | (2,909) | |
Total provisions and charge-offs | (4,224) | (2,909) | |
Provisions released | 1,660 | 5,384 | |
Recovery of loans previously charged off | |||
Net charge offs of individually significant loans | $ (2,564) | $ 2,475 |
EXPECTED CREDIT LOSSESS ALLOW_5
EXPECTED CREDIT LOSSESS ALLOWANCE (Details 2) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Expected Credit Lossess Allowance | ||
Charge-off of loans | $ 51,978 | $ 47,605 |
Provision applied | (36,279) | (36,383) |
Net charge offs of individually significant loans | $ 15,699 | $ 11,222 |
PERSONNEL SALARIES AND EXPENS_3
PERSONNEL SALARIES AND EXPENSES (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Personnel Salaries And Expenses | |||
Personnel compensation | $ 259,354 | $ 250,962 | $ 249,703 |
Bonuses or gratifications | 72,728 | 75,181 | 77,649 |
Stock-based benefits | (337) | 2,752 | 331 |
Seniority compensation | 21,869 | 26,120 | 26,263 |
Pension plans | 1,069 | 2,039 | (150) |
Training expenses | 3,782 | 2,867 | 2,835 |
Day care and kindergarten | 2,778 | 2,505 | 3,072 |
Health funds | 4,748 | 4,777 | |
Welfare funds | 6,040 | 896 | 806 |
Other personnel expenses | 30,281 | 28,897 | 29,847 |
Total | $ 397,564 | $ 396,967 | $ 395,133 |
ADMINISTRATIVE EXPENSES (Detail
ADMINISTRATIVE EXPENSES (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
General administrative expenses | |||
Maintenance and repair of property, plant and equipment | $ 20,962 | $ 21,359 | $ 19,901 |
Office lease | 29,761 | 26,136 | 28,098 |
Equipment lease | 55 | 96 | 280 |
Insurance payments | 3,439 | 3,354 | 3,842 |
Office supplies | 5,070 | 6,862 | 5,747 |
IT and communication expenses | 44,209 | 39,103 | 37,351 |
Heating, and other utilities | 4,849 | 5,468 | 4,863 |
Security and valuables transport services | 12,168 | 12,181 | 14,793 |
Representation and personnel travel expenses | 3,444 | 4,262 | 5,440 |
Judicial and notarial expenses | 1,148 | 974 | 952 |
Fees for technical reports and auditing | 10,020 | 9,379 | 7,631 |
Other general administrative expenses | 10,116 | 10,244 | 10,076 |
General administrative expenses | 145,241 | 139,418 | 138,974 |
Outsourced services | |||
Data processing | 32,360 | 34,880 | 36,068 |
Products sale | |||
Archive services | 3,401 | 3,324 | 4,427 |
Valuation services | 3,167 | 2,419 | 3,489 |
Outsourcing | 9,936 | 6,878 | 5,404 |
Other | 16,494 | 9,899 | 6,369 |
Outsourced services | 65,358 | 57,400 | 55,757 |
Board expenses | 1,297 | 1,290 | 1,371 |
Marketing expenses | 19,286 | 18,877 | 17,844 |
Taxes, payroll taxes, and contributions | |||
Real estate taxes | 1,730 | 1,443 | 1,435 |
Patents | 1,896 | 1,646 | 1,618 |
Other taxes | 7 | 24 | 93 |
Contributions to SBIF | 10,274 | 10,005 | 9,321 |
Taxes, payroll taxes, and contributions | 13,907 | 13,118 | 12,467 |
Total | $ 245,089 | $ 230,103 | $ 226,413 |
DEPRECIATION, AMORTIZATION, A_3
DEPRECIATION, AMORTIZATION, AND IMPAIRMENT (Details) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Depreciation and amortization | |||
Depreciation of property, plant, and equipment | $ (54,987) | $ (55,623) | $ (45,025) |
Amortization of Intangible assets | (24,293) | (22,200) | (20,334) |
Total depreciation and amortization | (79,280) | (77,823) | (65,359) |
Impairment of property, plant, and equipment | (39) | (354) | (234) |
Impairment of intangibles | (5,290) | ||
Total | $ (79,319) | $ (83,467) | $ (65,593) |
OTHER OPERATING INCOME AND EX_3
OTHER OPERATING INCOME AND EXPENSES (Details) - CLP ($) $ in Millions | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Other Operating Income And Expenses | ||||||
Income from assets received in lieu of payment | $ 7,106 | $ 3,330 | $ 1,663 | |||
Income from sale of investments in other companies | ||||||
Release of contingencies provisions | 12,020 | [1] | 29,903 | [1] | ||
Other income | 4,003 | 28,783 | 4,764 | |||
Leases | 222 | 264 | 519 | |||
Income from sale of property, plant and equipment | [2] | 2,490 | 23,229 | 2,017 | ||
Recovery of provisions for contingencies | ||||||
Compensation from insurance companies due to damages | 144 | 1,237 | 1,530 | |||
Other | 1,147 | 4,053 | 698 | |||
Total | $ 23,129 | $ 62,016 | $ 6,427 | |||
[1] | In accordance with IAS 37, the Bank recorded contingencies provisions, which during 2018 were favorable to the Bank. | |||||
[2] | Corresponds to legal cession of rights made by Bansa Santander S,A, which result in an income of Ch$2,122 million, as stated in Note N26. |
OTHER OPERATING INCOME AND EX_4
OTHER OPERATING INCOME AND EXPENSES (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Other Operating Income And Expenses | |||
Allowances and expenses for assets received in lieu of payment | $ 2,537 | $ 5,591 | $ 11,416 |
Provision on assets received in lieu of payment | 816 | 3,912 | 9,246 |
Expenses for maintenance of assets received in lieu of payment | 1,721 | 1,679 | 2,170 |
Credit card expenses | 3,151 | 3,070 | 3,636 |
Customer services | 3,635 | 2,563 | 3,734 |
Other expenses | 23,019 | 57,189 | 50,116 |
Operating charge-offs | 798 | 1,607 | 6,146 |
Life insurance and general product insurance policies | 9,964 | 23,475 | 18,393 |
Additional tax on expenses paid overseas | 142 | ||
Provisions for contingencies | 21 | 4,238 | |
Retail association payment | 898 | 912 | |
Other | 11,338 | 31,195 | 21,197 |
Total | $ 32,342 | $ 68,413 | $ 68,902 |
TRANSACTIONS WITH RELATED PAR_3
TRANSACTIONS WITH RELATED PARTIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Loans and accounts receivable: | |||
Allowance for loan losses | $ 723 | $ 1,440 | |
Companies Of The Group [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 122,289 | 80,076 | $ 81,687 |
Allowance for loan losses | (308) | (209) | (209) |
Net loans | 121,981 | 79,867 | 81,478 |
Guarantees | 442,854 | 361,452 | 434,141 |
Contingent loans: | |||
Contingent loans | 450,456 | 396,829 | 464,369 |
Allowance for contingent loans | (1) | (4) | (5) |
Net contingent loans | 450,455 | 396,825 | 464,364 |
Companies Of The Group [Member] | Personal guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Companies Of The Group [Member] | Letters of credit [Member] | |||
Contingent loans: | |||
Contingent loans | 5,392 | 19,251 | 27,268 |
Companies Of The Group [Member] | Performance Guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | 445,064 | 377,578 | 437,101 |
Associated Companies [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 459 | 771 | 533 |
Allowance for loan losses | (9) | (9) | (35) |
Net loans | 450 | 762 | 498 |
Guarantees | |||
Contingent loans: | |||
Contingent loans | |||
Allowance for contingent loans | |||
Net contingent loans | |||
Associated Companies [Member] | Personal guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Associated Companies [Member] | Letters of credit [Member] | |||
Contingent loans: | |||
Contingent loans | 2,060 | ||
Associated Companies [Member] | Performance Guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Key Personnel [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 28,448 | 27,053 | 26,424 |
Allowance for loan losses | (116) | (177) | (87) |
Net loans | 28,332 | 26,876 | 26,337 |
Guarantees | 22,893 | 23,868 | 23,636 |
Contingent loans: | |||
Contingent loans | 5,424 | ||
Allowance for contingent loans | (18) | ||
Net contingent loans | 5,406 | ||
Key Personnel [Member] | Personal guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Key Personnel [Member] | Letters of credit [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Key Personnel [Member] | Performance Guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | 3,364 | ||
Other [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 233 | 7,793 | 7,100 |
Allowance for loan losses | (5) | (18) | (34) |
Net loans | 228 | 7,775 | 7,066 |
Guarantees | 7,171 | 7,164 | 5,486 |
Contingent loans: | |||
Contingent loans | 44 | 33 | |
Allowance for contingent loans | 1 | ||
Net contingent loans | 44 | 34 | |
Other [Member] | Personal guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Other [Member] | Letters of credit [Member] | |||
Contingent loans: | |||
Contingent loans | 2,060 | 33 | |
Other [Member] | Performance Guarantees [Member] | |||
Contingent loans: | |||
Contingent loans | |||
Commercial Loans [Member] | Companies Of The Group [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 122,289 | 80,076 | 81,687 |
Commercial Loans [Member] | Associated Companies [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 459 | 771 | 533 |
Commercial Loans [Member] | Key Personnel [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 4,299 | 3,947 | 4,595 |
Commercial Loans [Member] | Other [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 233 | 7,793 | 7,100 |
Mortgage Loans [Member] | |||
Loans and accounts receivable: | |||
Allowance for loan losses | 69,066 | ||
Mortgage Loans [Member] | Companies Of The Group [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | |||
Mortgage Loans [Member] | Associated Companies [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | |||
Mortgage Loans [Member] | Key Personnel [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 18,814 | 18,796 | 18,046 |
Mortgage Loans [Member] | Other [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | |||
Consumer Loans [Member] | |||
Loans and accounts receivable: | |||
Allowance for loan losses | 283,756 | ||
Consumer Loans [Member] | Companies Of The Group [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | |||
Consumer Loans [Member] | Associated Companies [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | |||
Consumer Loans [Member] | Key Personnel [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable | 5,335 | 4,310 | 3,783 |
Consumer Loans [Member] | Other [Member] | |||
Loans and accounts receivable: | |||
Loans and accounts receivable |
TRANSACTIONS WITH RELATED PAR_4
TRANSACTIONS WITH RELATED PARTIES (Details 1) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Companies Of The Group [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Opening balances | $ 476,906 | $ 546,058 | $ 616,968 |
Loans granted | 200,657 | 78,214 | 122,729 |
Loans payments | (104,818) | (147,366) | (193,189) |
Ending balances | 572,745 | 476,906 | 546,058 |
Associated Companies [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Opening balances | 771 | 532 | 565 |
Loans granted | 39 | 318 | 203 |
Loans payments | (351) | (79) | (236) |
Ending balances | 459 | 771 | 532 |
Key Personnel [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Opening balances | 27,051 | 26,423 | 28,675 |
Loans granted | 16,574 | 7,777 | 8,580 |
Loans payments | (9,754) | (7,149) | (10,832) |
Ending balances | 33,871 | 27,051 | 26,423 |
Other [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Opening balances | 7,826 | 7,100 | 1,966 |
Loans granted | 773 | 1,050 | 6,808 |
Loans payments | (700) | (324) | (1,674) |
Ending balances | $ 7,899 | $ 7,826 | $ 7,100 |
TRANSACTIONS WITH RELATED PAR_5
TRANSACTIONS WITH RELATED PARTIES (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Assets | |||
Cash and deposits in banks | $ 824,863 | $ 613,361 | |
Financial derivative contracts | 3,100,635 | 2,238,647 | |
Available for sale investments | 2,574,546 | ||
Other assets | 991,216 | 764,410 | |
Liabilities | |||
Deposits and other demand liabilities | 8,741,417 | 7,768,166 | |
Obligations under repurchase agreements Loans | 48,545 | 268,061 | |
Time deposits and other time liabilities | 13,067,819 | 11,913,945 | |
Financial derivative contracts | 2,517,728 | 2,139,488 | |
Issued debt instruments | 8,115,233 | 7,093,653 | |
Other financial liabilities | 900,407 | 745,363 | |
Companies Of The Group [Member] | |||
Assets | |||
Cash and deposits in banks | 189,803 | 74,949 | $ 187,701 |
Trading investments | |||
Obligations under repurchase agreements Loans | |||
Financial derivative contracts | 748,632 | 545,028 | 742,851 |
Available for sale investments | |||
Other assets | 38,960 | 8,480 | 4,711 |
Liabilities | |||
Deposits and other demand liabilities | 27,515 | 24,776 | 6,988 |
Obligations under repurchase agreements Loans | 6,501 | 50,945 | 56,167 |
Time deposits and other time liabilities | 2,585,337 | 785,988 | 1,545,835 |
Financial derivative contracts | 770,624 | 418,647 | 954,575 |
Issued debt instruments | 335,443 | 482,626 | 484,548 |
Other financial liabilities | 6,807 | 4,919 | 8,970 |
Other liabilities | 60,884 | 164,303 | 446 |
Associated Companies [Member] | |||
Assets | |||
Cash and deposits in banks | |||
Trading investments | |||
Obligations under repurchase agreements Loans | |||
Financial derivative contracts | 105,358 | 86,011 | 33,433 |
Available for sale investments | |||
Other assets | 51,842 | 118,136 | 67,454 |
Liabilities | |||
Deposits and other demand liabilities | (21,577) | 25,805 | 7,141 |
Obligations under repurchase agreements Loans | |||
Time deposits and other time liabilities | 27,968 | 6,219 | |
Financial derivative contracts | 112,523 | 142,750 | 54,691 |
Issued debt instruments | |||
Other financial liabilities | |||
Other liabilities | 89,817 | 58,168 | 44,329 |
Key Personnel [Member] | |||
Assets | |||
Cash and deposits in banks | |||
Trading investments | |||
Obligations under repurchase agreements Loans | |||
Financial derivative contracts | |||
Available for sale investments | |||
Other assets | |||
Liabilities | |||
Deposits and other demand liabilities | 2,493 | 2,470 | 2,883 |
Obligations under repurchase agreements Loans | 329 | ||
Time deposits and other time liabilities | 3,189 | 3,703 | 2,365 |
Financial derivative contracts | |||
Issued debt instruments | |||
Other financial liabilities | |||
Other liabilities | |||
Other [Member] | |||
Assets | |||
Cash and deposits in banks | |||
Trading investments | |||
Obligations under repurchase agreements Loans | |||
Financial derivative contracts | 9 | ||
Available for sale investments | |||
Other assets | |||
Liabilities | |||
Deposits and other demand liabilities | (480) | 221 | 630 |
Obligations under repurchase agreements Loans | 68 | ||
Time deposits and other time liabilities | (838) | 3,504 | 1,984 |
Financial derivative contracts | 7,190 | ||
Issued debt instruments | |||
Other financial liabilities | |||
Other liabilities |
TRANSACTIONS WITH RELATED PAR_6
TRANSACTIONS WITH RELATED PARTIES (Details 3) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Income (expense) recorded | ||||
Fee and commission income and expenses | $ 290,885 | $ 279,063 | $ 254,424 | |
Other operating income and expenses | 23,129 | 62,016 | 6,427 | |
Companies Of The Group [Member] | ||||
Income (expense) recorded | ||||
Interest income and inflation-indexation adjustments | (53,256) | (43,892) | (39,279) | |
Fee and commission income and expenses | 91,178 | 72,273 | 56,952 | |
Net income (expense) from financial operations and net foreign exchange gain (loss) (*) | [1] | (566,677) | 363,108 | (343,963) |
Other operating income and expenses | 42 | 21,670 | 931 | |
Key personnel compensation and expenses | ||||
Administrative and other expenses | (43,035) | (48,246) | (35,554) | |
Total | (571,748) | 364,913 | (360,913) | |
Associated Companies [Member] | ||||
Income (expense) recorded | ||||
Interest income and inflation-indexation adjustments | (156) | 40 | ||
Fee and commission income and expenses | 7,826 | 15,404 | 22,322 | |
Net income (expense) from financial operations and net foreign exchange gain (loss) (*) | [1] | 65,727 | (48,453) | (48,373) |
Other operating income and expenses | 1,388 | (1,454) | (2,239) | |
Key personnel compensation and expenses | ||||
Administrative and other expenses | (50,764) | (47,220) | (43,115) | |
Total | 24,021 | (81,723) | (71,365) | |
Key Personnel [Member] | ||||
Income (expense) recorded | ||||
Interest income and inflation-indexation adjustments | 1,252 | 1,051 | 1,164 | |
Fee and commission income and expenses | 305 | 224 | 204 | |
Net income (expense) from financial operations and net foreign exchange gain (loss) (*) | [1] | 27 | (3) | (88) |
Other operating income and expenses | ||||
Key personnel compensation and expenses | (11,761) | (43,037) | (37,328) | |
Administrative and other expenses | ||||
Total | (10,177) | (41,765) | (36,048) | |
Other [Member] | ||||
Income (expense) recorded | ||||
Interest income and inflation-indexation adjustments | 508 | 115 | ||
Fee and commission income and expenses | 22 | 1 | 20 | |
Net income (expense) from financial operations and net foreign exchange gain (loss) (*) | [1] | (12) | 19 | 2 |
Other operating income and expenses | ||||
Key personnel compensation and expenses | ||||
Administrative and other expenses | ||||
Total | $ 518 | $ 20 | $ 137 | |
[1] | Primarily relates to derivative contracts used to financially cover exchange risk of assets and liabilities that cover positions of the Bank and its subsidiaries. |
TRANSACTIONS WITH RELATED PAR_7
TRANSACTIONS WITH RELATED PARTIES (Details 4) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Transactions With Related Parties | ||||
Personnel compensation | $ 12,878 | $ 16,863 | $ 17,493 | |
Board members' salaries and expenses | 913 | 1,199 | 1,269 | |
Bonuses or gratifications | 11,920 | 16,057 | 14,404 | |
Compensation in stock | 146 | 1,923 | 331 | |
Training expenses | 163 | 68 | 161 | |
Seniority compensation | 1,133 | 3,842 | 2,619 | |
Health funds | 215 | 273 | 285 | |
Other personnel expenses | 681 | 773 | 916 | |
Pension plans | [1] | 872 | 2,039 | (150) |
Total | $ 28,921 | $ 43,037 | $ 37,328 | |
[1] | Some of the executives that qualified for this benefit left the Group for different reasons, without complying with the requirements to receive the benefit, therefore the obligation amount decreased, which generated the reversal of provisions. |
TRANSACTIONS WITH RELATED PAR_8
TRANSACTIONS WITH RELATED PARTIES (Details 5) - Executive | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of transactions between related parties [line items] | |||
No. of executives | 131 | 133 | 167 |
Director [Member] | |||
Disclosure of transactions between related parties [line items] | |||
No. of executives | 11 | 11 | 13 |
Division Manager [Member] | |||
Disclosure of transactions between related parties [line items] | |||
No. of executives | 12 | 13 | 17 |
Manager [Member] | |||
Disclosure of transactions between related parties [line items] | |||
No. of executives | 108 | 109 | 137 |
PENSION PLANS (Details)
PENSION PLANS (Details) - Other post-employment benefit plans [Member] | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | ||
Mortality chart | RV-2014 | RV-2014 |
Termination of contract rates | 5.00% | 5.00% |
Impairment chart | PDT 1985 | PDT 1985 |
PENSION PLANS (Details 1)
PENSION PLANS (Details 1) - Other post-employment benefit plans [Member] - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of defined benefit plans [line items] | ||||
Plan assets | $ 6,804 | $ 7,919 | $ 6,612 | $ 6,945 |
Commitments for defined-benefit plans | ||||
For active personnel | (5,958) | (6,998) | ||
Incurred by inactive personnel | ||||
Minus: | ||||
Unrealized actuarial (gain) losses | ||||
Balances at year end | $ 846 | $ 921 | $ 1,637 |
PENSION PLANS (Details 2)
PENSION PLANS (Details 2) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
a) Fair value of plan assets | |||
Expected yield of insurance contracts | $ (353) | $ (307) | $ (335) |
b) Present value of obligations | |||
Service cost | 1,069 | 2,039 | (150) |
Interest cost | |||
Past service cost | |||
Actuarial (gain) losses | |||
Other post-employment benefit plans [Member] | |||
a) Fair value of plan assets | |||
Opening balance | 7,919 | 6,612 | 6,945 |
Expected yield of insurance contracts | 353 | 307 | 335 |
Employer contributions | 836 | 1,931 | 886 |
Actuarial (gain) losses | |||
Premiums paid | |||
Benefits paid | (2,304) | (931) | (1,554) |
Fair value of plan assets at year end | 6,804 | 7,919 | 6,612 |
b) Present value of obligations | |||
Present value of obligations opening balance | (6,998) | (4,975) | (5,070) |
Net incorporation of Group companies | |||
Service cost | (1,069) | (2,039) | 150 |
Interest cost | |||
Curtailment/settlement effect | |||
Benefits paid | |||
Past service cost | |||
Actuarial (gain) losses | |||
Other | 2,109 | 16 | (55) |
Present value of obligations at year end | (5,958) | (6,998) | (4,975) |
Net balance at year end | $ 846 | $ 921 | $ 1,637 |
PENSION PLANS (Details 3)
PENSION PLANS (Details 3) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Pension Plans | |||
Type of expected yield from the plan's assets | UF + 2.50% annual | UF + 2.50% annual | UF + 2.50% annual |
Type of yield expected from the reimbursement rights | UF + 2.50% annual | UF + 2.50% annual | UF + 2.50% annual |
PENSION PLANS (Details 4)
PENSION PLANS (Details 4) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Pension Plans | |||
Current period service expenses | $ 1,069 | $ 2,039 | $ (150) |
Interest cost | |||
Expected yield from plan's assets | (353) | (307) | (335) |
Expected yield of insurance contracts linked to the Plan: | |||
Extraordinary allocations | |||
Actuarial (gain)/ losses recorded in the period | |||
Past service cost | |||
Other | |||
Total | $ 716 | $ 1,732 | $ (485) |
FAIR VALUE OF FINANCIAL ASSET_3
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Assets | $ 39,132,512 | $ 35,823,605 | |
Liabilities | 35,887,052 | 32,675,685 | |
Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 8,741,417 | 7,768,166 | |
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,517,728 | 2,139,488 | |
Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 540,091 | 408,313 | |
Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 485,736 | ||
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,100,635 | 2,238,647 | |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | [1] | 27,563,229 | |
Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 77,041 | 2,574,546 | |
Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | 323,767 | |
Book Value [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 23,597,863 | 21,380,468 | |
Book Value [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,517,728 | 2,139,488 | |
Book Value [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 8,330,633 | 7,335,683 | |
Book Value [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 371,512 | 408,313 | |
Book Value [Member] | Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 485,736 | ||
Book Value [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,100,635 | 2,238,647 | |
Book Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 26,934,757 | ||
Book Value [Member] | Debt Instrument At FVOCI [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,394,323 | ||
Book Value [Member] | Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,574,546 | ||
Book Value [Member] | Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | 323,767 | |
Book Value [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 29,331,001 | ||
Book Value [Member] | Loans And Accounts Receivable At Fvoci Net [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 68,588 | ||
Book Value [Member] | Financial Assets Held For Trading [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 77,041 | ||
At Fair Value [Member] | Deposits and Interbank Borrowings [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 23,770,106 | 20,887,959 | |
At Fair Value [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,517,728 | 2,139,488 | |
At Fair Value [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 8,605,135 | 7,487,591 | |
At Fair Value [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 371,512 | 408,313 | |
At Fair Value [Member] | Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 485,736 | ||
At Fair Value [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,100,635 | 2,238,647 | |
At Fair Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 28,518,929 | ||
At Fair Value [Member] | Debt Instrument At FVOCI [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,394,323 | ||
At Fair Value [Member] | Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,574,546 | ||
At Fair Value [Member] | Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | 323,767 | |
At Fair Value [Member] | Loans And Accounts Receivable At Amortised Cost [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 30,575,611 | ||
At Fair Value [Member] | Loans And Accounts Receivable At Fvoci Net [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 68,588 | ||
At Fair Value [Member] | Financial Assets Held For Trading [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | $ 77,041 | ||
[1] | Loans and accounts receivables from customers are presented on a gross basis. Provisions amounts according to type of loan are detailed as follows: Commercial loans Ch$ 437,863 million, Mortgage loans Ch$ 69,066 million, and Consumer loans Ch$ 283,756 million. |
FAIR VALUE OF FINANCIAL ASSET_4
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 1) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of financial assets [line items] | |||
Assets | $ 39,132,512 | $ 35,823,605 | |
Liabilities | 35,887,052 | 32,675,685 | |
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,517,728 | 2,139,488 | |
Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 540,091 | 408,313 | |
Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 12,193 | 22,987 | $ 40,034 |
Liabilities | 7 | 43 | |
Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 485,736 | ||
Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 77,041 | 2,574,546 | |
Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,100,635 | 2,238,647 | |
Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | 323,767 | |
Recurrent Basis [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 5,742,231 | 5,622,696 | |
Liabilities | 2,889,240 | 2,547,801 | |
Recurrent Basis [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,517,728 | 2,139,488 | |
Recurrent Basis [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 371,512 | 408,313 | |
Recurrent Basis [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,439,926 | 3,354,635 | |
Liabilities | 408,313 | ||
Recurrent Basis [Member] | Level 1 [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | |||
Recurrent Basis [Member] | Level 1 [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 408,313 | ||
Recurrent Basis [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,290,112 | 2,245,074 | |
Liabilities | 2,888,445 | 2,139,481 | |
Recurrent Basis [Member] | Level 2 [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 2,516,933 | 2,139,481 | |
Recurrent Basis [Member] | Level 2 [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 371,512 | ||
Recurrent Basis [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 12,193 | 22,987 | |
Liabilities | 795 | 7 | |
Recurrent Basis [Member] | Level 3 [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | 795 | 7 | |
Recurrent Basis [Member] | Level 3 [Member] | Guarantees received (margin accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Liabilities | |||
Recurrent Basis [Member] | Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 485,736 | ||
Recurrent Basis [Member] | Trading Investments [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 481,642 | ||
Recurrent Basis [Member] | Trading Investments [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 4,094 | ||
Recurrent Basis [Member] | Trading Investments [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | |||
Recurrent Basis [Member] | Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,574,546 | ||
Recurrent Basis [Member] | Available For Sale Investments [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,549,226 | ||
Recurrent Basis [Member] | Available For Sale Investments [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 24,674 | ||
Recurrent Basis [Member] | Available For Sale Investments [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 646 | ||
Recurrent Basis [Member] | Financial Derivative Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,100,635 | 2,238,647 | |
Recurrent Basis [Member] | Financial Derivative Contracts [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | |||
Recurrent Basis [Member] | Financial Derivative Contracts [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 3,089,077 | 2,216,306 | |
Recurrent Basis [Member] | Financial Derivative Contracts [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 11,558 | 22,341 | |
Recurrent Basis [Member] | Guarantee Deposits (Margin Accounts) [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | 323,767 | |
Recurrent Basis [Member] | Guarantee Deposits (Margin Accounts) [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 323,767 | ||
Recurrent Basis [Member] | Guarantee Deposits (Margin Accounts) [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 170,232 | ||
Recurrent Basis [Member] | Guarantee Deposits (Margin Accounts) [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | |||
Recurrent Basis [Member] | Financial Assets Held For Trading [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 77,041 | ||
Recurrent Basis [Member] | Financial Assets Held For Trading [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 71,158 | ||
Recurrent Basis [Member] | Financial Assets Held For Trading [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 5,883 | ||
Recurrent Basis [Member] | Financial Assets Held For Trading [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | |||
Recurrent Basis [Member] | Debt Instrument At FVOCI [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,394,323 | ||
Recurrent Basis [Member] | Debt Instrument At FVOCI [Member] | Level 1 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 2,368,768 | ||
Recurrent Basis [Member] | Debt Instrument At FVOCI [Member] | Level 2 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | 24,920 | ||
Recurrent Basis [Member] | Debt Instrument At FVOCI [Member] | Level 3 [Member] | |||
Disclosure of financial assets [line items] | |||
Assets | $ 635 |
FAIR VALUE OF FINANCIAL ASSET_5
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [line items] | ||||
Assets | $ 39,132,512 | $ 35,823,605 | ||
Liabilities | 35,887,052 | 32,675,685 | ||
Deposits and Interbank Borrowings [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | 8,741,417 | 7,768,166 | ||
Level 3 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | 12,193 | 22,987 | $ 40,034 | |
Liabilities | 7 | $ 43 | ||
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | [1] | 27,563,229 | ||
Not Measured At Fair Value [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | 30,575,611 | 28,518,929 | ||
Liabilities | 32,375,241 | 28,375,550 | ||
Not Measured At Fair Value [Member] | Deposits and Interbank Borrowings [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | 23,770,106 | 20,887,959 | ||
Not Measured At Fair Value [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | 8,605,135 | 7,487,591 | ||
Not Measured At Fair Value [Member] | Level 1 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | ||||
Liabilities | ||||
Not Measured At Fair Value [Member] | Level 1 [Member] | Deposits and Interbank Borrowings [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | ||||
Not Measured At Fair Value [Member] | Level 1 [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | ||||
Not Measured At Fair Value [Member] | Level 2 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | ||||
Liabilities | 32,375,241 | 28,375,550 | ||
Not Measured At Fair Value [Member] | Level 2 [Member] | Deposits and Interbank Borrowings [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | 23,770,106 | 20,887,959 | ||
Not Measured At Fair Value [Member] | Level 2 [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | 8,605,135 | 7,487,591 | ||
Not Measured At Fair Value [Member] | Level 3 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | 30,575,611 | 28,518,929 | ||
Liabilities | ||||
Not Measured At Fair Value [Member] | Level 3 [Member] | Deposits and Interbank Borrowings [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | ||||
Not Measured At Fair Value [Member] | Level 3 [Member] | Issued Debt Instruments And Other Financial Liabilities [Member] | ||||
Disclosure of financial assets [line items] | ||||
Liabilities | ||||
Not Measured At Fair Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | 30,575,611 | 28,518,929 | ||
Not Measured At Fair Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Level 1 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | ||||
Not Measured At Fair Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Level 2 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | ||||
Not Measured At Fair Value [Member] | Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | Level 3 [Member] | ||||
Disclosure of financial assets [line items] | ||||
Assets | $ 30,575,611 | $ 28,518,929 | ||
[1] | Loans and accounts receivables from customers are presented on a gross basis. Provisions amounts according to type of loan are detailed as follows: Commercial loans Ch$ 437,863 million, Mortgage loans Ch$ 69,066 million, and Consumer loans Ch$ 283,756 million. |
FAIR VALUE OF FINANCIAL ASSET_6
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 3) - Level 3 [Member] - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Financial Derivative Contracts [Member] | Present Value Method [Member] | |||
Disclosure of financial assets [line items] | |||
Main unobservabe inputs | [1] | Curves on TAB | Curves on TAB |
Impact Sens. -1bp Unfavourable scenario | $ (2.3) | $ (1.3) | |
Impact Sens. +1bp Favourable scenario | $ 2.3 | $ 1.3 | |
Debt Instrument At FVOCI [Member] | Internal Rate Of Return Method [Member] | |||
Disclosure of financial assets [line items] | |||
Main unobservabe inputs | [2] | BR UF | |
Available For Sale Investments [Member] | Internal Rate Of Return Method [Member] | |||
Disclosure of financial assets [line items] | |||
Main unobservabe inputs | [2] | BR UF | |
[1] | TAB: "Tasa Activa Bancaria" (Active Bank Rate), Average interest rates on 30, 90, 180 and 360 day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)). | ||
[2] | BR: "Bonos de Reconocimiento" (Recognition Bonds), The Recognition Bond is an instrument of money provided by the State of Chile to workers who joined the new pension system, which began operating since 1981. |
FAIR VALUE OF FINANCIAL ASSET_7
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 4) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of fair value measurement of assets [line items] | ||
As of January 1, 2018 | $ 35,823,605 | |
Total realized and unrealized profits (losses) | ||
As of December 31, 2018 | 39,132,512 | $ 35,823,605 |
Reconciliation of Changes in Fair Value Measurement, Liabilities [Roll Forward] | ||
As of January 1, 2018 | 32,675,685 | |
Total realized and unrealized profits (losses) | ||
As of December 31, 2018 | 35,887,052 | 32,675,685 |
Level 3 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
As of January 1, 2018 | 22,987 | 40,034 |
Total realized and unrealized profits (losses) | ||
Included in statements of income | (10,769) | (17,035) |
Included in other comprehensive income | 25 | (12) |
Purchases, issuances, and loans (net) | ||
As of December 31, 2018 | 12,193 | 22,987 |
Total profits or losses included in comprehensive income for 2017 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2016 | (10,794) | (17,047) |
Reconciliation of Changes in Fair Value Measurement, Liabilities [Roll Forward] | ||
As of January 1, 2018 | 7 | 43 |
Total realized and unrealized profits (losses) | ||
Included in statements of income | (802) | (36) |
Included in other comprehensive income | ||
Purchases, issuances, and loans (net) | ||
As of December 31, 2018 | 7 | |
Total profits or losses included in comprehensive income for 2017 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2016 | $ (802) | $ (36) |
FAIR VALUE OF FINANCIAL ASSET_8
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 5) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Gross amounts | $ 1,947,726 | $ 2,029,657 |
Compensated in balance | ||
Net amount presented in balance | 1,947,726 | 2,029,657 |
Remains of unrelated and / or unencumbered financial instruments | 30,484,448 | 27,143,747 |
Amount in Statements of Financial Position | 32,432,174 | 29,173,404 |
Liabilities | ||
Gross amounts | 1,784,100 | 2,195,715 |
Compensated in balance | ||
Net amount presented in balance | 1,784,100 | 2,195,715 |
Remains of unrelated and / or unencumbered financial instruments | 24,380,035 | 21,592,301 |
Amount in Statements of Financial Position | 26,164,135 | 23,788,016 |
Financial Derivative Contracts [Member] | ||
Assets | ||
Gross amounts | ||
Compensated in balance | ||
Net amount presented in balance | ||
Remains of unrelated and / or unencumbered financial instruments | ||
Amount in Statements of Financial Position | ||
Liabilities | ||
Gross amounts | 1,735,555 | 1,927,654 |
Compensated in balance | ||
Net amount presented in balance | 1,735,555 | 1,927,654 |
Remains of unrelated and / or unencumbered financial instruments | 782,173 | 211,834 |
Amount in Statements of Financial Position | 2,517,728 | 2,139,488 |
Investments Under Resale Agreements [Member] | ||
Liabilities | ||
Gross amounts | 48,545 | 268,061 |
Compensated in balance | ||
Net amount presented in balance | 48,545 | 268,061 |
Remains of unrelated and / or unencumbered financial instruments | ||
Amount in Statements of Financial Position | 48,545 | 268,061 |
Deposits and Interbank Borrowings [Member] | ||
Liabilities | ||
Gross amounts | ||
Compensated in balance | ||
Net amount presented in balance | ||
Remains of unrelated and / or unencumbered financial instruments | 23,597,862 | 21,380,467 |
Amount in Statements of Financial Position | 23,597,862 | 21,380,467 |
Financial Derivative Contracts [Member] | ||
Assets | ||
Gross amounts | 1,947,726 | 2,029,657 |
Compensated in balance | ||
Net amount presented in balance | 1,947,726 | 2,029,657 |
Remains of unrelated and / or unencumbered financial instruments | 1,152,909 | 208,990 |
Amount in Statements of Financial Position | 3,100,635 | 2,238,647 |
Loans and Account Receivable From Customers and Interbank Loans, Net [Member] | ||
Assets | ||
Gross amounts | ||
Compensated in balance | ||
Net amount presented in balance | ||
Remains of unrelated and / or unencumbered financial instruments | 29,331,539 | 26,934,757 |
Amount in Statements of Financial Position | 29,331,539 | $ 26,934,757 |
Investments Under Resale Agreements [Member] | ||
Assets | ||
Gross amounts | ||
Compensated in balance | ||
Net amount presented in balance | ||
Remains of unrelated and / or unencumbered financial instruments | ||
Amount in Statements of Financial Position |
FAIR VALUE OF FINANCIAL ASSET_9
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details 6) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Assets | $ 3,100,635 | $ 2,238,647 |
Liability | 2,517,728 | 2,139,488 |
Financial Liabilities Derivative Contracts With Collateral Agreement Threshold Equal To Zero [Member] | ||
Disclosure of financial assets [line items] | ||
Liability | 2,133,149 | 1,773,471 |
Financial Liabilities Derivative Contracts With Non-Zero Threshold Collateral Agreement [Member] | ||
Disclosure of financial assets [line items] | ||
Liability | 262,683 | 316,840 |
Financial Liabilities Derivative Contracts Without Collateral Agreement [Member] | ||
Disclosure of financial assets [line items] | ||
Liability | 121,896 | 49,177 |
Financial Assets Derivative Contracts With Collateral Agreement Threshold Equal To Zero [Member] | ||
Disclosure of financial assets [line items] | ||
Assets | 2,639,835 | 1,898,220 |
Financial Assets Derivative Contracts With Non-Zero Threshold Collateral Agreement [Member] | ||
Disclosure of financial assets [line items] | ||
Assets | 344,520 | 221,030 |
Financial Assets Derivative Contracts Without Collateral Agreement [Member] | ||
Disclosure of financial assets [line items] | ||
Assets | $ 116,280 | $ 119,397 |
RISK MANAGEMENT (Details)
RISK MANAGEMENT (Details) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 723 | $ 1,440 |
Credit Risk [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | 882,414 | $ 791,157 |
Total ECL Allowance, Percentage | 100.00% | |
Credit Risk [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 30,213,414 | $ 27,725,914 |
Total Individual, Percentage | 100.00% | 100.00% |
Total ECL Allowance | $ 882,414 | |
Total ECL Allowance, Percentage | 100.00% | |
Credit Risk [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 26,913,508 | |
Total ECL Allowance | 153,640 | |
Credit Risk [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,796,790 | |
Total ECL Allowance | 124,114 | |
Credit Risk [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,503,116 | |
Total ECL Allowance | 603,660 | |
Credit Risk [Member] | Commerical Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 219,262 | |
Total Individual, Percentage | 27.73% | |
Total ECL Allowance | $ 219,073 | |
Total ECL Allowance, Percentage | 27.69% | |
Credit Risk [Member] | Commerical Loans [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 827 | |
Total ECL Allowance, Percentage | 0.10% | |
Credit Risk [Member] | Commerical Loans [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 18,514 | |
Total ECL Allowance, Percentage | 2.34% | |
Credit Risk [Member] | Commerical Loans [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 27,894 | |
Total ECL Allowance, Percentage | 3.53% | |
Credit Risk [Member] | Commerical Loans [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 2,604 | |
Total ECL Allowance, Percentage | 0.33% | |
Credit Risk [Member] | Commerical Loans [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 5,104 | |
Total ECL Allowance, Percentage | 0.65% | |
Credit Risk [Member] | Commerical Loans [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 8,935 | |
Total ECL Allowance, Percentage | 1.13% | |
Credit Risk [Member] | Commerical Loans [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 19,120 | |
Total ECL Allowance, Percentage | 2.42% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 10,950,549 | $ 10,168,164 |
Total Individual, Percentage | 36.24% | 36.67% |
Total ECL Allowance | $ 259,370 | |
Total ECL Allowance, Percentage | 29.39% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 29,998 | $ 1,051,072 |
Total Individual, Percentage | 0.10% | 3.79% |
Total ECL Allowance | $ 2 | |
Total ECL Allowance, Percentage | 0.00% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 1,074,789 | $ 5,957,305 |
Total Individual, Percentage | 3.56% | 21.49% |
Total ECL Allowance | $ 525 | |
Total ECL Allowance, Percentage | 0.06% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 2,699,993 | $ 2,176,779 |
Total Individual, Percentage | 8.94% | 7.85% |
Total ECL Allowance | $ 2,574 | |
Total ECL Allowance, Percentage | 0.29% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 3,217,154 | |
Total Individual, Percentage | 10.65% | |
Total ECL Allowance | $ 9,206 | |
Total ECL Allowance, Percentage | 1.04% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 1,781,400 | |
Total Individual, Percentage | 5.90% | |
Total ECL Allowance | $ 11,192 | |
Total ECL Allowance, Percentage | 1.33% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 981,170 | |
Total Individual, Percentage | 3.25% | |
Total ECL Allowance | $ 9,188 | |
Total ECL Allowance, Percentage | 1.04% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | B1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 495,102 | |
Total Individual, Percentage | 1.64% | |
Total ECL Allowance | $ 14,232 | |
Total ECL Allowance, Percentage | 1.61% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | B2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 82,111 | |
Total Individual, Percentage | 0.27% | |
Total ECL Allowance | $ 2,852 | |
Total ECL Allowance, Percentage | 0.32% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | B3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 67,703 | |
Total Individual, Percentage | 0.22% | |
Total ECL Allowance | $ 4,074 | |
Total ECL Allowance, Percentage | 0.46% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | B4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 93,133 | |
Total Individual, Percentage | 0.31% | |
Total ECL Allowance | $ 22,176 | |
Total ECL Allowance, Percentage | 2.51% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 154,708 | $ 145,033 |
Total Individual, Percentage | 0.51% | 0.52% |
Total ECL Allowance | $ 50,695 | |
Total ECL Allowance, Percentage | 5.75% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 54,924 | $ 56,871 |
Total Individual, Percentage | 0.18% | 0.21% |
Total ECL Allowance | $ 19,672 | |
Total ECL Allowance, Percentage | 2.20% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 45,859 | $ 39,825 |
Total Individual, Percentage | 0.15% | 0.14% |
Total ECL Allowance | $ 11,297 | |
Total ECL Allowance, Percentage | 1.31% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 36,005 | $ 53,261 |
Total Individual, Percentage | 0.12% | 0.19% |
Total ECL Allowance | $ 17,323 | |
Total ECL Allowance, Percentage | 1.96% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 65,465 | |
Total Individual, Percentage | 0.22% | |
Total ECL Allowance | $ 40,573 | |
Total ECL Allowance, Percentage | 4.60% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 71,035 | |
Total Individual, Percentage | 0.22% | |
Total ECL Allowance | $ 43,789 | |
Total ECL Allowance, Percentage | 4.91% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 9,695,837 | |
Total ECL Allowance | 30,189 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 29,998 | |
Total ECL Allowance | 2 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,074,789 | |
Total ECL Allowance | 525 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 2,699,684 | |
Total ECL Allowance | 2,526 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 3,200,608 | |
Total ECL Allowance | 8,865 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,755,259 | |
Total ECL Allowance | 11,296 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | A6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 935,499 | |
Total ECL Allowance | 6,975 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | B1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | B2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | B3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | B4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 1 [Member] | C6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 867,783 | |
Total ECL Allowance | 31,066 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 309 | |
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 16,546 | |
Total ECL Allowance | 323 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 26,141 | |
Total ECL Allowance | 453 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | A6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 45,671 | |
Total ECL Allowance | 2,213 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | B1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 494,915 | |
Total ECL Allowance | 14,107 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | B2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 81,955 | |
Total ECL Allowance | 2,786 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | B3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 67,089 | |
Total ECL Allowance | 3,841 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | B4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 47,653 | |
Total ECL Allowance | 2,488 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 46,383 | |
Total ECL Allowance | 2,548 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 15,678 | |
Total ECL Allowance | 1,261 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 19,655 | |
Total ECL Allowance | 733 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 3,560 | |
Total ECL Allowance | 246 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 703 | |
Total ECL Allowance | 32 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 2 [Member] | C6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,525 | |
Total ECL Allowance | 35 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 386,929 | |
Total ECL Allowance | 198,115 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | A6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | ||
Total ECL Allowance | ||
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | B1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 187 | |
Total ECL Allowance | 79 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | B2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 156 | |
Total ECL Allowance | 66 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | B3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 614 | |
Total ECL Allowance | 233 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | B4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 45,480 | |
Total ECL Allowance | 19,688 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 108,325 | |
Total ECL Allowance | 48,147 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 39,246 | |
Total ECL Allowance | 18,171 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 26,204 | |
Total ECL Allowance | 10,803 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 32,445 | |
Total ECL Allowance | 17,077 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C5 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 64,762 | |
Total ECL Allowance | 40,541 | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | Stage 3 [Member] | C6 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 69,510 | |
Total ECL Allowance | 43,310 | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 4,235,595 | $ 3,903,163 |
Total Individual, Percentage | 14.02% | 14.08% |
Total ECL Allowance | $ 247,432 | |
Total ECL Allowance, Percentage | 28.04% | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 3,616,969 | |
Total ECL Allowance | 43,541 | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 232,472 | |
Total ECL Allowance | 24,754 | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 386,154 | |
Total ECL Allowance | 179,317 | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 69,066 | |
Total ECL Allowance, Percentage | 8.72% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 4,876,289 | $ 9,096,895 |
Total Individual, Percentage | 16.14% | 32.81% |
Total ECL Allowance | $ 284,342 | |
Total ECL Allowance, Percentage | 32.23% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 4,341,470 | |
Total ECL Allowance | 70,904 | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 249,039 | |
Total ECL Allowance | 54,372 | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 285,510 | |
Total ECL Allowance | 159,066 | |
Credit Risk [Member] | Consumer Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 283,756 | |
Total ECL Allowance, Percentage | 35.86% | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 10,150,981 | $ 4,557,692 |
Total Individual, Percentage | 33.60% | 16.44% |
Total ECL Allowance | $ 91,270 | |
Total ECL Allowance, Percentage | 10.34% | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 9,258,962 | |
Total ECL Allowance | 9,006 | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 447,496 | |
Total ECL Allowance | 15,102 | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 444,523 | |
Total ECL Allowance | 67,162 | |
Credit Risk [Member] | Subtotal [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 19,262,865 | |
Total Individual, Percentage | 63.76% | |
Total ECL Allowance | $ 623,044 | |
Total ECL Allowance, Percentage | 70.61% | |
Credit Risk [Member] | Subtotal [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | $ 17,217,671 | |
Total ECL Allowance | 123,451 | |
Credit Risk [Member] | Subtotal [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 929,007 | |
Total ECL Allowance | 94,048 | |
Credit Risk [Member] | Subtotal [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total Individual | 1,116,187 | |
Total ECL Allowance | $ 405,545 |
RISK MANAGEMENT (Details 1)
RISK MANAGEMENT (Details 1) - Stage 2 [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Collectively Assessed [Member] | Mortgages [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 45.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Collectively Assessed [Member] | Other Loans [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 42.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Collectively Assessed [Member] | Revolving Credit Cards [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 42.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Collectively Assessed [Member] | Collectively Assessed SME [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 42.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Individual [Member] | Individually Assessed SME [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 60.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Description of quantitative criteria for significant increase in credit risk of client | Clients that are considered to be substandard or in incompliance (pre-legal action) |
Individual [Member] | Middle Market [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Percentage of quantitative criteria for significant increase in credit risk | 50.00% |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Description of quantitative criteria for significant increase in credit risk of client | Clients that are considered to be substandard or in incompliance (pre-legal action) |
Individual [Member] | Corporate And Investment Banking [Member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Description of quantitative criteria for significant increase in credit risk | Santander Group criteria |
Description of quantitative criteria for significant increase in credit risk of portfolio | Irregular portfolio > 30 days |
Description of quantitative criteria for significant increase in credit risk of market | Restructured marked for monitoring |
Description of quantitative criteria for significant increase in credit risk of client | Clients that are considered to be substandard or in incompliance (pre-legal action) |
RISK MANAGEMENT (Details 2)
RISK MANAGEMENT (Details 2) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Total ECL Allowance | $ 723 | $ 1,440 |
Credit Risk [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Total ECL Allowance | 882,414 | 791,157 |
Credit Risk [Member] | Collectively Assessed [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial assets | 30,213,414 | $ 27,725,914 |
Modified loans | $ 1,397,607 | |
Percentage | 4.63% | |
Total ECL Allowance | $ 882,414 | |
Modified loans | $ 367,901 | |
Percentage | 41.69% | |
Credit Risk [Member] | Collectively Assessed [Member] | Stage 1 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial assets | $ 26,913,508 | |
Modified loans | ||
Total ECL Allowance | 153,640 | |
Modified loans | ||
Percentage | ||
Credit Risk [Member] | Collectively Assessed [Member] | Stage 2 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial assets | $ 1,796,790 | |
Modified loans | $ 582,513 | |
Percentage | 32.42% | |
Total ECL Allowance | $ 124,114 | |
Modified loans | $ 44,099 | |
Percentage | 35.25% | |
Credit Risk [Member] | Collectively Assessed [Member] | Stage 3 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial assets | $ 1,503,116 | |
Modified loans | $ 815,094 | |
Percentage | 54.23% | |
Total ECL Allowance | $ 603,660 | |
Modified loans | $ 323,802 | |
Percentage | 53.64% |
RISK MANAGEMENT (Details 3)
RISK MANAGEMENT (Details 3) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | $ 30,213,414 | ||
Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 26,913,508 | ||
Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,796,790 | ||
Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,503,116 | ||
Commercial Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 15,186,144 | $ 13,800,408 | |
Commercial Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 13,312,806 | ||
Commercial Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,100,255 | ||
Commercial Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 773,083 | ||
Mortgage Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 10,150,981 | 9,096,895 | |
Mortgage Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 9,258,962 | ||
Mortgage Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 447,496 | ||
Mortgage Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 444,523 | ||
Consumer Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,876,289 | $ 4,557,692 | |
Consumer Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,341,740 | ||
Consumer Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 249,039 | ||
Consumer Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 285,510 | ||
Market Risk [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 30,213,414 | ||
Market Risk [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 26,913,508 | ||
Market Risk [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,796,790 | ||
Market Risk [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,503,116 | ||
Market Risk [Member] | Commercial Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 15,186,144 | ||
Market Risk [Member] | Commercial Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 13,312,806 | ||
Market Risk [Member] | Commercial Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,100,255 | ||
Market Risk [Member] | Commercial Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 773,083 | ||
Market Risk [Member] | Commercial Loans [Member] | Manufacturing [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,139,765 | ||
Market Risk [Member] | Commercial Loans [Member] | Manufacturing [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 992,786 | ||
Market Risk [Member] | Commercial Loans [Member] | Manufacturing [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 92,931 | ||
Market Risk [Member] | Commercial Loans [Member] | Manufacturing [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 54,048 | ||
Market Risk [Member] | Commercial Loans [Member] | Mining [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 208,748 | ||
Market Risk [Member] | Commercial Loans [Member] | Mining [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 182,342 | ||
Market Risk [Member] | Commercial Loans [Member] | Mining [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 21,821 | ||
Market Risk [Member] | Commercial Loans [Member] | Mining [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,585 | ||
Market Risk [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 408,932 | ||
Market Risk [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 384,288 | ||
Market Risk [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 22,365 | ||
Market Risk [Member] | Commercial Loans [Member] | Electricity, Gas and Water [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 2,279 | ||
Market Risk [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,201,251 | ||
Market Risk [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 934,199 | ||
Market Risk [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 166,271 | ||
Market Risk [Member] | Commercial Loans [Member] | Agriculture and Livestock [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 100,781 | ||
Market Risk [Member] | Commercial Loans [Member] | Forest [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 143,888 | ||
Market Risk [Member] | Commercial Loans [Member] | Forest [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 120,371 | ||
Market Risk [Member] | Commercial Loans [Member] | Forest [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 9,402 | ||
Market Risk [Member] | Commercial Loans [Member] | Forest [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 14,115 | ||
Market Risk [Member] | Commercial Loans [Member] | Fishing [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 253,021 | ||
Market Risk [Member] | Commercial Loans [Member] | Fishing [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 238,348 | ||
Market Risk [Member] | Commercial Loans [Member] | Fishing [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 11,104 | ||
Market Risk [Member] | Commercial Loans [Member] | Fishing [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 3,569 | ||
Market Risk [Member] | Commercial Loans [Member] | Transportation [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 809,306 | ||
Market Risk [Member] | Commercial Loans [Member] | Transportation [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 716,493 | ||
Market Risk [Member] | Commercial Loans [Member] | Transportation [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 55,011 | ||
Market Risk [Member] | Commercial Loans [Member] | Transportation [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 37,802 | ||
Market Risk [Member] | Commercial Loans [Member] | Communications [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 215,844 | ||
Market Risk [Member] | Commercial Loans [Member] | Communications [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 178,215 | ||
Market Risk [Member] | Commercial Loans [Member] | Communications [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 30,407 | ||
Market Risk [Member] | Commercial Loans [Member] | Communications [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 7,222 | ||
Market Risk [Member] | Commercial Loans [Member] | Construction [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | [1] | 906,038 | |
Market Risk [Member] | Commercial Loans [Member] | Construction [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | [1] | 723,600 | |
Market Risk [Member] | Commercial Loans [Member] | Construction [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | [1] | 88,691 | |
Market Risk [Member] | Commercial Loans [Member] | Construction [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | [1] | 93,747 | |
Market Risk [Member] | Commercial Loans [Member] | Commerce Industry [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 3,340,064 | ||
Market Risk [Member] | Commercial Loans [Member] | Commerce Industry [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 2,950,517 | ||
Market Risk [Member] | Commercial Loans [Member] | Commerce Industry [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 189,623 | ||
Market Risk [Member] | Commercial Loans [Member] | Commerce Industry [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 199,924 | ||
Market Risk [Member] | Commercial Loans [Member] | Services [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,865,669 | ||
Market Risk [Member] | Commercial Loans [Member] | Services [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 1,771,595 | ||
Market Risk [Member] | Commercial Loans [Member] | Services [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 81,159 | ||
Market Risk [Member] | Commercial Loans [Member] | Services [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 12,915 | ||
Market Risk [Member] | Commercial Loans [Member] | Other [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,693,618 | ||
Market Risk [Member] | Commercial Loans [Member] | Other [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,120,052 | ||
Market Risk [Member] | Commercial Loans [Member] | Other [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 331,470 | ||
Market Risk [Member] | Commercial Loans [Member] | Other [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 242,096 | ||
Market Risk [Member] | Mortgage Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 10,150,981 | ||
Market Risk [Member] | Mortgage Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 9,258,962 | ||
Market Risk [Member] | Mortgage Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 447,496 | ||
Market Risk [Member] | Mortgage Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 444,523 | ||
Market Risk [Member] | Consumer Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,876,289 | ||
Market Risk [Member] | Consumer Loans [Member] | Stage 1 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 4,341,740 | ||
Market Risk [Member] | Consumer Loans [Member] | Stage 2 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | 249,039 | ||
Market Risk [Member] | Consumer Loans [Member] | Stage 3 [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Assets before allowances | $ 285,510 | ||
[1] | In 2018 we improved the classification of our construction loans, reassigning loans for real state rental investment companies to services. |
RISK MANAGEMENT (Details 4)
RISK MANAGEMENT (Details 4) - Macro Economic [Member] - Average Estimates 2019 - 2020 [Member] | Dec. 31, 2018 |
Official Interest Rate [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.78% |
Official Interest Rate [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 2.82% |
Official Interest Rate [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 3.91% |
Official Interest Rate [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 4.99% |
Official Interest Rate [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 6.03% |
Unemployment Rate [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 8.47% |
Unemployment Rate [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 7.53% |
Unemployment Rate [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 6.55% |
Unemployment Rate [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 6.10% |
Unemployment Rate [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 5.57% |
Housing Price Growth [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 0.89% |
Housing Price Growth [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.06% |
Housing Price Growth [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.50% |
Housing Price Growth [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 2.68% |
Housing Price Growth [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 4.49% |
GDP Growth [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.40% |
GDP Growth [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 2.22% |
GDP Growth [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 2.99% |
GDP Growth [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 3.87% |
GDP Growth [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 4.68% |
Consumer Price Index [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.14% |
Consumer Price Index [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 1.98% |
Consumer Price Index [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 2.83% |
Consumer Price Index [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 3.75% |
Consumer Price Index [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of macroeconomic annual growth forecasts | 4.59% |
RISK MANAGEMENT (Details 5)
RISK MANAGEMENT (Details 5) - Probability Weighting [Member] | Dec. 31, 2018 |
Local Scenario [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 20.00% |
Local Scenario [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 50.00% |
Local Scenario [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 20.00% |
Local Scenario [Member] | Unfavorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 5.00% |
Local Scenario [Member] | Favorable Scenario 2 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 5.00% |
Global Scenario [Member] | Favorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 20.00% |
Global Scenario [Member] | Base Scenario [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 60.00% |
Global Scenario [Member] | Unfavorable Scenario 1 [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Percentage of probabilities scenarios | 20.00% |
RISK MANAGEMENT (Details 6)
RISK MANAGEMENT (Details 6) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 723 | $ 1,440 |
Macro Economic [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | 882,414 | |
Gross carrying amount | $ 30,282,022 | |
Reported ECL Coverage | 2.91% | |
Macro Economic [Member] | Favorable Scenario 2 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 745,089 | |
Reported ECL Coverage | 2.46% | |
Macro Economic [Member] | Favorable Scenario 1 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 815,113 | |
Reported ECL Coverage | 2.69% | |
Macro Economic [Member] | Base Scenario [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 879,358 | |
Reported ECL Coverage | 2.90% | |
Macro Economic [Member] | Unfavorable Scenario 2 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 949,329 | |
Reported ECL Coverage | 3.13% | |
Macro Economic [Member] | Unfavorable Scenario 2 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Reported ECL allowance | $ 970,563 | |
Reported ECL Coverage | 3.21% |
RISK MANAGEMENT (Details 7)
RISK MANAGEMENT (Details 7) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Expected credit loss allowance | $ 723 | $ 1,440 | |
Mortgages [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Expected credit loss allowance | 69,066 | ||
Consumer Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Expected credit loss allowance | 283,756 | ||
Credit Risk [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gross carrying amount | 30,282,022 | ||
Collateral | [1] | 17,823,535 | |
Net exposure | 12,458,487 | ||
Expected credit loss allowance | 882,414 | $ 791,157 | |
Credit Risk [Member] | Commercial Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gross carrying amount | 15,254,752 | ||
Collateral | [1] | 7,369,291 | |
Net exposure | 7,885,461 | ||
Expected credit loss allowance | 506,802 | ||
Credit Risk [Member] | Mortgages [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gross carrying amount | 10,150,981 | ||
Collateral | [1] | 9,699,324 | |
Net exposure | 451,657 | ||
Expected credit loss allowance | 91,270 | ||
Credit Risk [Member] | Consumer Loans [Member] | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gross carrying amount | 4,876,289 | ||
Collateral | [1] | 754,920 | |
Net exposure | 4,121,369 | ||
Expected credit loss allowance | $ 284,342 | ||
[1] | According to the Bank's policy when an asset (real state) is repossessed are transferred to aseets held for sale at their fair value less cost to sell as non-financial assets at the repossession date. |
RISK MANAGEMENT (Details 8)
RISK MANAGEMENT (Details 8) - Credit Risk [Member] - Consumer Loans [Member] | 12 Months Ended | |
Dec. 31, 2018 | [1] | |
Performing Loan [Member] | New Client [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.53% | |
Performing Loan [Member] | New Client [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 19.75% | |
Performing Loan [Member] | Existing Clients [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.05% | |
Performing Loan [Member] | Existing Clients [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 11.92% | |
Performing Loan [Member] | Banefe [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.13% | |
Performing Loan [Member] | Banefe [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 18.67% | |
Renegotiated Consumer Loans [Member] | Existing Clients [Member] | Bottom of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 3.66% | [2] |
Renegotiated Consumer Loans [Member] | Existing Clients [Member] | Bottom of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 41.50% | [2] |
Renegotiated Consumer Loans [Member] | Existing Clients [Member] | Top of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 30.40% | [2] |
Renegotiated Consumer Loans [Member] | Existing Clients [Member] | Top of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 100.00% | [2] |
Renegotiated Consumer Loans [Member] | Banefe [Member] | Bottom of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 10.19% | [2] |
Renegotiated Consumer Loans [Member] | Banefe [Member] | Bottom of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 51.11% | [2] |
Renegotiated Consumer Loans [Member] | Banefe [Member] | Top of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 43.71% | [2] |
Renegotiated Consumer Loans [Member] | Banefe [Member] | Top of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 100.00% | [2] |
Non-Performing Loan [Member] | 90-120 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 41.50% | |
Non-Performing Loan [Member] | 120-150 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 60.15% | |
Non-Performing Loan [Member] | 150-180 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 68.86% | |
Non-Performing Loan [Member] | New Client [Member] | 90-120 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 31.78% | |
Non-Performing Loan [Member] | New Client [Member] | 120-150 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 51.17% | |
Non-Performing Loan [Member] | New Client [Member] | 150-180 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 59.98% | |
Non-Performing Loan [Member] | New Client [Member] | >180 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Description of allowance for loan loss rate | Charged-off | |
Non-Performing Loan [Member] | Existing Clients [Member] | 90-120 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 31.78% | |
Non-Performing Loan [Member] | Existing Clients [Member] | 120-150 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 51.17% | |
Non-Performing Loan [Member] | Existing Clients [Member] | 150-180 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 59.98% | |
Non-Performing Loan [Member] | Banefe [Member] | 90-120 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 51.11% | |
Non-Performing Loan [Member] | Banefe [Member] | 120-150 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 66.65% | |
Non-Performing Loan [Member] | Banefe [Member] | 150-180 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 78.50% | |
[1] | Percentage of loans outstanding | |
[2] | This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
RISK MANAGEMENT (Details 9)
RISK MANAGEMENT (Details 9) - Credit Risk [Member] - Commerical Loans [Member] | Dec. 31, 2018 | [1] |
Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.87% | |
Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 15.70% | |
Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.03% | |
Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 3.89% | |
Performing Loan [Member] | Small Enterprise [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.21% | |
Performing Loan [Member] | Small Enterprise [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 21.82% | |
Performing Loan [Member] | Mid-sized Enterprise [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.14% | |
Performing Loan [Member] | Mid-sized Enterprise [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 7.31% | |
Renegotiated Consumer Loans [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 5.22% | |
Renegotiated Consumer Loans [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 19.54% | |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 41.69% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 67.31% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 75.69% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 83.82% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | Bottom of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 2.93% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | Top of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 20.65% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 12.15% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 23.42% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 34.65% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 46.25% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | Bottom of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 1.17% | [2] |
Renegotiated Consumer Loans [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | Top of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 8.25% | [2] |
Renegotiated Consumer Loans [Member] | Small Enterprise [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 30.95% | [2] |
Renegotiated Consumer Loans [Member] | Small Enterprise [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 64.47% | [2] |
Renegotiated Consumer Loans [Member] | Small Enterprise [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 70.15% | [2] |
Renegotiated Consumer Loans [Member] | Small Enterprise [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 74.53% | [2] |
Renegotiated Consumer Loans [Member] | Mid-sized Enterprise [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 18.93% | [2] |
Renegotiated Consumer Loans [Member] | Mid-sized Enterprise [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 51.86% | [2] |
Renegotiated Consumer Loans [Member] | Mid-sized Enterprise [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 63.12% | [2] |
Renegotiated Consumer Loans [Member] | Mid-sized Enterprise [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 72.87% | [2] |
Non-Performing Loan [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 18.93% | |
Non-Performing Loan [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 51.86% | |
Non-Performing Loan [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 63.12% | |
Non-Performing Loan [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate previously | 72.87% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 41.69% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 67.31% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 75.69% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Out Mortgage Collateral [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 83.82% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 12.15% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 23.42% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 34.65% | |
Non-Performing Loan [Member] | Commercial Loan to Individuals With Mortgage Collateral [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 46.25% | |
Non-Performing Loan [Member] | Small Enterprise [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 30.95% | |
Non-Performing Loan [Member] | Small Enterprise [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 64.47% | |
Non-Performing Loan [Member] | Small Enterprise [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 70.15% | |
Non-Performing Loan [Member] | Small Enterprise [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 74.53% | |
Non-Performing Loan [Member] | Mid-sized Enterprise [Member] | 90-179 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 18.93% | |
Non-Performing Loan [Member] | Mid-sized Enterprise [Member] | 180-359 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 51.86% | |
Non-Performing Loan [Member] | Mid-sized Enterprise [Member] | 360-719 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 63.12% | |
Non-Performing Loan [Member] | Mid-sized Enterprise [Member] | >720 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 72.87% | |
[1] | Percentage of loans outstanding | |
[2] | This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
RISK MANAGEMENT (Details 10)
RISK MANAGEMENT (Details 10) - Credit Risk [Member] - Residential Mortgage Loans [Member] | Dec. 31, 2018 | [1] |
Performing Loan [Member] | Bank (excl. Select) [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.00% | |
Performing Loan [Member] | Bank (excl. Select) [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 5.18% | |
Performing Loan [Member] | Santander Select [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.00% | |
Performing Loan [Member] | Santander Select [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 3.88% | |
Renegotiated Consumer Loans [Member] | Bottom of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 0.16% | [2] |
Renegotiated Consumer Loans [Member] | Bottom of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 5.58% | [2] |
Renegotiated Consumer Loans [Member] | Top of Range [Member] | Less Than 90 Days [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 8.37% | [2] |
Renegotiated Consumer Loans [Member] | Top of Range [Member] | Up To 3 Months [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 26.25% | [2] |
Non-Performing Loan [Member] | 0-60 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 5.58% | |
Non-Performing Loan [Member] | 60-80 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 8.48% | |
Non-Performing Loan [Member] | 80-90 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 11.93% | |
Non-Performing Loan [Member] | >90 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Percentage of allowance for loan loss rate | 16.25% | |
[1] | Percentage of loans outstanding | |
[2] | This category relates only to loans which were renegotiated and were less than 90 days past due at the time of renegotiation, migrating from such category as they reached 90 days past due since renegotiation. |
RISK MANAGEMENT (Details 11)
RISK MANAGEMENT (Details 11) - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 723 | $ 1,440 |
Credit Risk [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | 882,414 | $ 791,157 |
Total ECL Allowance percentage % | 100.00% | |
Credit Risk [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 30,213,414 | $ 27,725,914 |
Financial assets percentage % | 100.00% | 100.00% |
Total ECL Allowance | $ 882,414 | |
Total ECL Allowance percentage % | 100.00% | |
Credit Risk [Member] | Commerical Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 219,262 | |
Financial assets percentage % | 27.73% | |
Total ECL Allowance | $ 219,073 | |
Total ECL Allowance percentage % | 27.69% | |
Credit Risk [Member] | Commerical Loans [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 58,728 | |
Total ECL Allowance percentage % | 7.42% | |
Credit Risk [Member] | Commerical Loans [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 160,345 | |
Total ECL Allowance percentage % | 20.27% | |
Credit Risk [Member] | Commerical Loans [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 827 | |
Total ECL Allowance percentage % | 0.10% | |
Credit Risk [Member] | Commerical Loans [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 18,514 | |
Total ECL Allowance percentage % | 2.34% | |
Credit Risk [Member] | Commerical Loans [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 27,894 | |
Total ECL Allowance percentage % | 3.53% | |
Credit Risk [Member] | Commerical Loans [Member] | B [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 32,089 | |
Total ECL Allowance percentage % | 4.06% | |
Credit Risk [Member] | Commerical Loans [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 2,604 | |
Total ECL Allowance percentage % | 0.33% | |
Credit Risk [Member] | Commerical Loans [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 5,104 | |
Total ECL Allowance percentage % | 0.65% | |
Credit Risk [Member] | Commerical Loans [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 8,935 | |
Total ECL Allowance percentage % | 1.13% | |
Credit Risk [Member] | Commerical Loans [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 19,120 | |
Total ECL Allowance percentage % | 2.42% | |
Credit Risk [Member] | Commerical Loans [Member] | D1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 41,941 | |
Total ECL Allowance percentage % | 5.30% | |
Credit Risk [Member] | Commerical Loans [Member] | D2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 62,234 | |
Total ECL Allowance percentage % | 7.87% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 10,950,549 | $ 10,168,164 |
Financial assets percentage % | 36.24% | 36.67% |
Total ECL Allowance | $ 259,370 | |
Total ECL Allowance percentage % | 29.39% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 29,998 | $ 1,051,072 |
Financial assets percentage % | 0.10% | 3.79% |
Total ECL Allowance | $ 2 | |
Total ECL Allowance percentage % | 0.00% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 1,074,789 | $ 5,957,305 |
Financial assets percentage % | 3.56% | 21.49% |
Total ECL Allowance | $ 525 | |
Total ECL Allowance percentage % | 0.06% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | A3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 2,699,993 | $ 2,176,779 |
Financial assets percentage % | 8.94% | 7.85% |
Total ECL Allowance | $ 2,574 | |
Total ECL Allowance percentage % | 0.29% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | B [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 539,074 | |
Financial assets percentage % | 1.94% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 154,708 | $ 145,033 |
Financial assets percentage % | 0.51% | 0.52% |
Total ECL Allowance | $ 50,695 | |
Total ECL Allowance percentage % | 5.75% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 54,924 | $ 56,871 |
Financial assets percentage % | 0.18% | 0.21% |
Total ECL Allowance | $ 19,672 | |
Total ECL Allowance percentage % | 2.20% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C3 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 45,859 | $ 39,825 |
Financial assets percentage % | 0.15% | 0.14% |
Total ECL Allowance | $ 11,297 | |
Total ECL Allowance percentage % | 1.31% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | C4 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 36,005 | $ 53,261 |
Financial assets percentage % | 0.12% | 0.19% |
Total ECL Allowance | $ 17,323 | |
Total ECL Allowance percentage % | 1.96% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | D1 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 71,896 | |
Financial assets percentage % | 0.26% | |
Credit Risk [Member] | Commerical Loans [Member] | Individual [Member] | D2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 77,048 | |
Financial assets percentage % | 0.28% | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 4,235,595 | $ 3,903,163 |
Financial assets percentage % | 14.02% | 14.08% |
Total ECL Allowance | $ 247,432 | |
Total ECL Allowance percentage % | 28.04% | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 3,488,633 | |
Financial assets percentage % | 12.58% | |
Credit Risk [Member] | Commerical Loans [Member] | Collectively Assessed [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 414,530 | |
Financial assets percentage % | 1.50% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 69,066 | |
Total ECL Allowance percentage % | 8.72% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 20,174 | |
Total ECL Allowance percentage % | 2.55% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 48,892 | |
Total ECL Allowance percentage % | 6.17% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 4,876,289 | $ 9,096,895 |
Financial assets percentage % | 16.14% | 32.81% |
Total ECL Allowance | $ 284,342 | |
Total ECL Allowance percentage % | 32.23% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 8,634,351 | |
Financial assets percentage % | 31.14% | |
Credit Risk [Member] | Residential Mortgage Loans [Member] | Collectively Assessed [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 462,544 | |
Financial assets percentage % | 1.67% | |
Credit Risk [Member] | Consumer Loans [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 283,756 | |
Total ECL Allowance percentage % | 35.86% | |
Credit Risk [Member] | Consumer Loans [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 114,099 | |
Total ECL Allowance percentage % | 14.42% | |
Credit Risk [Member] | Consumer Loans [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total ECL Allowance | $ 169,657 | |
Total ECL Allowance percentage % | 21.44% | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 10,150,981 | $ 4,557,692 |
Financial assets percentage % | 33.60% | 16.44% |
Total ECL Allowance | $ 91,270 | |
Total ECL Allowance percentage % | 10.34% | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | Normal Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 4,230,567 | |
Financial assets percentage % | 15.26% | |
Credit Risk [Member] | Consumer Loans [Member] | Collectively Assessed [Member] | Impaired Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets | $ 327,125 | |
Financial assets percentage % | 1.18% |
RISK MANAGEMENT (Details 12)
RISK MANAGEMENT (Details 12) - Credit Risk [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | ||
Total | $ 48,345,002 | $ 44,320,140 |
Deposits In Banks [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 1,240,578 | 839,561 |
Cash Items In Process Of Collection [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 353,757 | 668,145 |
Trading Investments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 485,736 | |
Investments Under Resale Agreements [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | ||
Financial Derivative Contracts [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 3,100,635 | 2,238,647 |
Loans And Accounts Receivable From Customers And Interbank Loans, Net [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 26,934,757 | |
Available For Sale Investment [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 2,574,546 | |
Letters Of Credit Issued [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 223,420 | 201,699 |
Foreign Letters Of Credit Confirmed [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 57,038 | 75,499 |
Performance Guarantees [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 1,954,205 | 1,823,793 |
Available Credit Lines [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 8,997,650 | 8,135,489 |
Personal Guarantees [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 133,623 | 81,577 |
Other Irrevocable Credit Commitments [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 327,297 | 260,691 |
Financial Assets Held For Trading [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 77,041 | |
Loans And Account Receivable At Amortised Cost / Loans And Account Receivable At FVOCI [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | 29,399,589 | |
Debt Instrument At Fair Value Through Other Comprehensive Income [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total | $ 2,394,323 |
RISK MANAGEMENT (Details 13)
RISK MANAGEMENT (Details 13) - USD [Member] $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($)Number | |
Disclosure of detailed information about financial instruments [line items] | |
Derivative Instruments (adjusted to market) | $ 401 |
Deposits | 239 |
Loans | 25,459 |
Financial investments | 0 |
Total Exposure | $ 26,099 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Bolivia | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 3 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 0 |
Loans | 6 |
Financial investments | 0 |
Total Exposure | $ 6 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | China | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 0 |
Loans | 24,395 |
Financial investments | 0 |
Total Exposure | $ 24,395 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Italia | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 238 |
Loans | 78 |
Financial investments | 0 |
Total Exposure | $ 316 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Mexico | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 1 |
Loans | 0 |
Financial investments | 0 |
Total Exposure | $ 1 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Panama | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 63 |
Deposits | 0 |
Loans | 0 |
Financial investments | 0 |
Total Exposure | $ 63 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Peru | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 338 |
Deposits | 0 |
Loans | 0 |
Financial investments | 0 |
Total Exposure | $ 338 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Tailandia | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 2 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 0 |
Loans | 31 |
Financial investments | 0 |
Total Exposure | $ 31 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Turquia | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 3 |
Derivative Instruments (adjusted to market) | $ 0 |
Deposits | 0 |
Loans | 949 |
Financial investments | 0 |
Total Exposure | $ 949 |
RISK MANAGEMENT (Details 14)
RISK MANAGEMENT (Details 14) - USD [Member] $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($)Number | |
Disclosure of detailed information about financial instruments [line items] | |
Derivative Instruments (adjusted to market) | $ 401 |
Deposits | 239 |
Loans | 25,459 |
Financial investments | 0 |
Total Exposure | $ 26,099 |
Credit Risk [Member] | Foreign Derivative Contracts [Member] | Banco Santander Spain [Member] | Spain | |
Disclosure of detailed information about financial instruments [line items] | |
Classification | Number | 1 |
Derivative Instruments (adjusted to market) | $ 974 |
Deposits | 11,826 |
Loans | |
Financial investments | |
Total Exposure | $ 12,800 |
RISK MANAGEMENT (Details 15)
RISK MANAGEMENT (Details 15) - Credit Risk [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Total | $ 24,368,176 | $ 21,770,452 |
Normal Portfolio [Member] | Properties/Mortgages [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 22,047,354 | 19,508,151 |
Normal Portfolio [Member] | Investments & Others [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 2,200,776 | 2,108,962 |
Impaired Portfolio [Member] | Properties/Mortgages [Member] | ||
Disclosure of financial assets [line items] | ||
Total | 119,181 | 152,252 |
Impaired Portfolio [Member] | Investments & Others [Member] | ||
Disclosure of financial assets [line items] | ||
Total | $ 865 | $ 1,087 |
RISK MANAGEMENT (Details 16)
RISK MANAGEMENT (Details 16) - Liquidity Risk [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | $ 3,585,937 | $ 3,522,919 | |
Trading Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | 77,041 | 485,736 | |
Available For Sale Investments [Member] | |||
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | 2,394,323 | 2,574,546 | |
Encumbered Assets (Net) [Member] | |||
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | [1] | (48,843) | (268,330) |
Net Cash [Member] | |||
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | [2] | 149,321 | (37,628) |
Net Interbank Deposits [Member] | |||
Disclosure of financial assets [line items] | |||
Total liquidity portfolio | [3] | $ 967,095 | $ 768,595 |
[1] | Assets encumbered through repurchase agreements are deduced from liquidity portfolio | ||
[2] | Cash minus reserve requeriments. As is presented in Note 4 the reserve requeriments are established by the monthly average reserves that the bank must maintain in accordance with regulation governing minimum reserves | ||
[3] | Includes overnight deposits in Central Bank, domestic banks and foreign banks. |
RISK MANAGEMENT (Details 17)
RISK MANAGEMENT (Details 17) - Liquidity Risk [Member] | Dec. 31, 2018 | Dec. 31, 2017 |
30 Days Foreign Currency [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Percentages of exposure to liquidity risk | (22.00%) | |
Not Later Than One Month [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Percentages of exposure to liquidity risk | (20.00%) | (48.00%) |
Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Percentages of exposure to liquidity risk | (37.00%) | (51.00%) |
RISK MANAGEMENT (Details 18)
RISK MANAGEMENT (Details 18) - Liquidity Risk [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Obligations under repurchase agreements [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | $ 48,545 | $ 268,061 |
Obligations under repurchase agreements [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 48,545 | 268,061 |
Obligations under repurchase agreements [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 48,545 | 268,061 |
Obligations under repurchase agreements [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Obligations under repurchase agreements [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 21,972,279 | 20,168,837 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,027,434 | 8,376,371 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 5,248,418 | 5,120,171 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 3,326,199 | 2,299,018 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,108,556 | 4,201,271 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 21,710,607 | 19,996,831 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 191,547 | 106,833 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 6,137 | 2,811 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 63,988 | 62,362 |
Checking Accounts, Time Deposits & Other Time Liabilities [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 261,672 | 172,006 |
Financial Derivatives Contracts [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 2,517,728 | 2,139,488 |
Financial Derivatives Contracts [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Financial Derivatives Contracts [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 131,378 | 144,410 |
Financial Derivatives Contracts [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 349,551 | 356,288 |
Financial Derivatives Contracts [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 120,361 | 196,444 |
Financial Derivatives Contracts [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 601,290 | 697,142 |
Financial Derivatives Contracts [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 495,789 | 378,582 |
Financial Derivatives Contracts [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 471,185 | 358,358 |
Financial Derivatives Contracts [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 949,464 | 705,406 |
Financial Derivatives Contracts [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,916,438 | 1,442,346 |
Interbank Borrowings [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,788,626 | 1,698,357 |
Interbank Borrowings [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 39,378 | 4,130 |
Interbank Borrowings [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 16,310 | 46,013 |
Interbank Borrowings [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,188,692 | 1,030,241 |
Interbank Borrowings [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 404,575 | 397,419 |
Interbank Borrowings [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,648,955 | 1,477,803 |
Interbank Borrowings [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 139,671 | 220,554 |
Interbank Borrowings [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Interbank Borrowings [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Interbank Borrowings [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 139,671 | 220,554 |
Issue debt instruments [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 8,115,233 | 7,093,653 |
Issue debt instruments [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | ||
Issue debt instruments [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 71,465 | 21,043 |
Issue debt instruments [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 745,830 | 274,239 |
Issue debt instruments [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 39,267 | 55,119 |
Issue debt instruments [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 856,562 | 350,401 |
Issue debt instruments [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 2,431,849 | 1,727,571 |
Issue debt instruments [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,549,743 | 2,104,771 |
Issue debt instruments [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 3,277,079 | 2,910,910 |
Issue debt instruments [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 7,258,671 | 6,743,252 |
Other financial liabilities [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 215,400 | 242,030 |
Other financial liabilities [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 179,681 | 177,663 |
Other financial liabilities [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 934 | 701 |
Other financial liabilities [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 22,844 | 31,879 |
Other financial liabilities [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 2,412 | 2,583 |
Other financial liabilities [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 205,871 | 212,826 |
Other financial liabilities [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,261 | 27,581 |
Other financial liabilities [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 92 | 404 |
Other financial liabilities [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 176 | 1,219 |
Other financial liabilities [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,529 | 29,204 |
Total Financial Liabilities Before Interest Payment [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 34,657,811 | 31,610,426 |
Total Financial Liabilities Before Interest Payment [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,246,493 | 8,558,164 |
Total Financial Liabilities Before Interest Payment [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 5,517,050 | 5,600,399 |
Total Financial Liabilities Before Interest Payment [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 5,633,116 | 3,991,665 |
Total Financial Liabilities Before Interest Payment [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,675,171 | 4,852,836 |
Total Financial Liabilities Before Interest Payment [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 25,071,830 | 23,003,064 |
Total Financial Liabilities Before Interest Payment [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 3,268,117 | 2,461,121 |
Total Financial Liabilities Before Interest Payment [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 2,027,157 | 2,466,344 |
Total Financial Liabilities Before Interest Payment [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,290,707 | 3,679,897 |
Total Financial Liabilities Before Interest Payment [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,585,981 | 8,607,362 |
Contractual Interest Payments [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,863,456 | 3,363,077 |
Contractual Interest Payments [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,918 | 4,403 |
Contractual Interest Payments [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 82,292 | 45,465 |
Contractual Interest Payments [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 812,920 | 462,579 |
Contractual Interest Payments [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 158,760 | 117,779 |
Contractual Interest Payments [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,058,890 | 630,226 |
Contractual Interest Payments [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,156,262 | 808,502 |
Contractual Interest Payments [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,110,918 | 776,796 |
Contractual Interest Payments [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 1,537,385 | 1,147,553 |
Contractual Interest Payments [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 3,804,565 | 2,732,851 |
Total Financial Liabilities After Interest Payment [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 39,521,267 | 34,973,503 |
Total Financial Liabilities After Interest Payment [Member] | Demand [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 9,251,411 | 8,562,567 |
Total Financial Liabilities After Interest Payment [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 5,599,342 | 5,645,864 |
Total Financial Liabilities After Interest Payment [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 6,446,036 | 4,454,244 |
Total Financial Liabilities After Interest Payment [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,833,931 | 4,970,615 |
Total Financial Liabilities After Interest Payment [Member] | Due Within 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 26,130,720 | 23,633,290 |
Total Financial Liabilities After Interest Payment [Member] | Between 1 and 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 4,424,379 | 3,269,623 |
Total Financial Liabilities After Interest Payment [Member] | Later than three years and not later than five years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 3,138,075 | 3,243,140 |
Total Financial Liabilities After Interest Payment [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | 5,828,092 | 4,827,450 |
Total Financial Liabilities After Interest Payment [Member] | More Than 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial Liabilities | $ 13,390,546 | $ 11,340,213 |
RISK MANAGEMENT (Details 19)
RISK MANAGEMENT (Details 19) - Liquidity Risk [Member] - Other Commercial Commitments [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Financial liabilities | $ 2,638,286 | $ 2,182,569 |
Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 702,081 | 559,586 |
Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 371,475 | 407,158 |
More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 1,034,383 | 946,624 |
Between 1 and 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 226,962 | 247,941 |
Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 33,385 | 21,260 |
Performance Guarantees [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 1,954,205 | 1,823,793 |
Performance Guarantees [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 663,642 | 514,510 |
Performance Guarantees [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 188,147 | 244,543 |
Performance Guarantees [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 905,554 | 835,030 |
Performance Guarantees [Member] | Between 1 and 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 163,506 | 208,479 |
Performance Guarantees [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 33,356 | 21,231 |
Foreign Letters Of Credit Confirmed [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 57,038 | 75,499 |
Foreign Letters Of Credit Confirmed [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 3,842 | 16,681 |
Foreign Letters Of Credit Confirmed [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 9,128 | 33,513 |
Foreign Letters Of Credit Confirmed [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 33,177 | 21,277 |
Foreign Letters Of Credit Confirmed [Member] | Between 1 and 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 10,891 | 4,028 |
Foreign Letters Of Credit Confirmed [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | ||
Letters Of Credit Issued [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 223,420 | 201,699 |
Letters Of Credit Issued [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 12,469 | 12,367 |
Letters Of Credit Issued [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 110,970 | 115,720 |
Letters Of Credit Issued [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 54,015 | 43,029 |
Letters Of Credit Issued [Member] | Between 1 and 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 45,937 | 30,554 |
Letters Of Credit Issued [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 29 | 29 |
Pledges And Other Commercial Commitments [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 133,623 | 81,578 |
Pledges And Other Commercial Commitments [Member] | Not Later Than One Month [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 22,128 | 16,028 |
Pledges And Other Commercial Commitments [Member] | Later Than One Month And Not Later Than Three Months [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 63,230 | 13,382 |
Pledges And Other Commercial Commitments [Member] | More Than 3 Months To 1 Year [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 41,637 | 47,288 |
Pledges And Other Commercial Commitments [Member] | Between 1 and 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 6,628 | 4,880 |
Pledges And Other Commercial Commitments [Member] | Due After 5 Years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities |
RISK MANAGEMENT (Details 20)
RISK MANAGEMENT (Details 20) - Market Risk [Member] - USD [Member] - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Consolidated [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | $ 5,230 | $ 5,710 |
Consolidated [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 1,210 | 1,560 |
Consolidated [Member] | Weighted Average [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 2,010 | 3,010 |
Fixed-Income Investments [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 2,540 | 5,510 |
Fixed-Income Investments [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 1,190 | 1,150 |
Fixed-Income Investments [Member] | Weighted Average [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 1,710 | 2,360 |
Variable-Income Investments [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 10 | 10 |
Variable-Income Investments [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 0 | 0 |
Variable-Income Investments [Member] | Weighted Average [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 0 | 0 |
Foreign Currency Investments [Member] | Top of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 4,290 | 4,210 |
Foreign Currency Investments [Member] | Bottom of Range [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | 90 | 530 |
Foreign Currency Investments [Member] | Weighted Average [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Value at risk | $ 1,140 | $ 1,710 |
RISK MANAGEMENT (Details 21)
RISK MANAGEMENT (Details 21) - Market Risk [Member] $ in Thousands, $ in Millions | Dec. 31, 2018CLP ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CLP ($) | Dec. 31, 2017USD ($) |
Local Currency Investments [Member] | Loss Limit [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | $ 48,000 | $ 48,000 | ||
Effect on capital | 192,001 | 175,000 | ||
Local Currency Investments [Member] | Top of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 43,742 | (37,148) | ||
Effect on capital | 189,725 | (141,287) | ||
Local Currency Investments [Member] | Bottom of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 27,854 | (22,958) | ||
Effect on capital | 170,450 | (112,818) | ||
Local Currency Investments [Member] | Weighted Average [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 37,569 | (29,110) | ||
Effect on capital | 180,972 | (128,506) | ||
Foreign Currency Investments [Member] | Loss Limit [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | $ 30,000 | $ 30,000 | ||
Effect on capital | 75,000 | 75,000 | ||
Foreign Currency Investments [Member] | Top of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 12,000 | 16,000 | ||
Effect on capital | 38,000 | 42,000 | ||
Foreign Currency Investments [Member] | Bottom of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 4,000 | 4,000 | ||
Effect on capital | (10,000) | 15,000 | ||
Foreign Currency Investments [Member] | Weighted Average [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 9,000 | 10,000 | ||
Effect on capital | $ 22,000 | $ 23,000 | ||
Consolidated [Member] | Loss Limit [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 48,000 | 48,000 | ||
Effect on capital | 192,002 | 175,000 | ||
Consolidated [Member] | Top of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 45,492 | (38,249) | ||
Effect on capital | 192,848 | (142,442) | ||
Consolidated [Member] | Bottom of Range [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 29,167 | (23,571) | ||
Effect on capital | 168,766 | (112,277) | ||
Consolidated [Member] | Weighted Average [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Effect on financial income | 38,908 | (29,948) | ||
Effect on capital | $ 182,557 | $ (128,360) |
RISK MANAGEMENT (Details 22)
RISK MANAGEMENT (Details 22) - Capital Risk [Member] - CLP ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Basic capital | $ 3,239,546 | $ 3,066,180 |
Regulatory capital | $ 4,101,664 | $ 3,881,252 |
Basic capital | 7.72% | 7.92% |
Regulatory capital | 13.40% | 13.91% |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) € in Millions, SFr in Millions, $ in Millions, in Millions | Mar. 12, 2019CHF (SFr) | Mar. 07, 2019CLP ($) | Feb. 01, 2019EUR (€) | Feb. 01, 2019CLF ( ) | Jan. 30, 2019CLF ( ) | Jan. 24, 2019CLF ( ) | Dec. 31, 2018CLP ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2017CLP ($) |
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | $ | $ 241,467,084 | $ 177,224,139 | |||||||
Bonds [Member] | EUR | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | € | € 66,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | U9 [Member] | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | $ | $ 75,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | Unidad De Fomento (funds code) [Member] | T14 [Member] | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | 3,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | Unidad De Fomento (funds code) [Member] | T18 [Member] | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | 2,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | Unidad De Fomento (funds code) [Member] | T7 [Member] | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | 2,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | EUR | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | € | € 30,000,000 | ||||||||
Non-adjusting Events After Reporting Period [Member] | Bonds [Member] | CHF [Member] | |||||||||
Disclosure of financial liabilities [line items] | |||||||||
Notion amount | SFr | SFr 150,000,000 |